I found this pattern at tickeron website with the following data:
STATUS = Confirmed
CURRENT CONFIDENCE = 79%
TARGET (EXIT) PRICE = 60.34 USD
BREAKOUT (ENTRY) PRICE = 58.55 USD
DISTANCE TO TARGET PRICE = 3.19%
EMERGED ON = Sep 17, 08:00 AM (EDT)
CONFIRMED ON = Sep 21, 12:27 PM (EDT)
WITH CONFIDENCE LEVEL = 90%
The Triple Bottom pattern appears when there are...
DOW JONES is moving inside a channel and price after hitting the top has been rejected till the bottom trendline.
Price seem to create a bull flag and before finding a support where it created a triple bottom.
Now if the price will manage to break and close above the 4 structure we can set a nice long order according with Plancton's strategy.
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Follow the...
Gold is trading in a noticeable Bullish Flag or Descending Triangle, and the RSI is displaying a similar pattern as well as the KST.
On the KST there's possibly a Triple Bottom and a Bullish cross happening on the third bottom, we'll have a better understanding of the third bottom if it remains a higher low in the upcoming trading days/weeks.
If the KST gets...
DAILY - Trading in a range, hammer/doji candleat bottom of range (trend is up)
4HR - Double bottom with divergence
TRADE PLAN
1HR:
(1) Price may dip lower and make triple bottom, buy at the support zone
(2) Price may break out of trading range, buy on retest of the resistance turned support.
Notice the dark blue pattern on the chart, there's noticeably a Ascending Triangle and coincidentally a bullish inverted H&S where I have placed the green lines.
Above each green line is appears to be a bottom, and there's three very noticeable on the line chart as opposed to the hollow candle chart. I have placed three blue finger icons so there is no...
Its just send a powerful signal for Triple bottom and next target ... BUT be careful it may crate a RECTANGULAR PATTERN and just come back to the support line again
There appears to be a micro H&S playing out at the moment, the green upward sloping line of support has been broken to the downside, we have seen multiple bullish reactions off of that green line, but now the weakness in the trend is becoming more noticeable.
The red M pattern is the Head & Shoulders, I've placed a giant red human icon to represent the head of...
USDCHF is consolidation at the bottom of a bullish move.
After a triple bottom and a false breakout where the market touch 0.90100 we can expect some retracement move.
IF the market will break above the upper daily structure we can set a nice long order according with Plancton's strategy.
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Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis,...
On the RSI there's noticeably a triple bottom coinciding with three touch points on the upward sloping support of the Ascending Triangle.
If you move the chart left there's the first touch point of four on the upward sloping support of the ascending triangle dating back in 2003.
On a 5 year chart attached to this all time log scale chart there's been a golden...
Candle is closing above the white Ichimoku moving average. Also breaking above the 50 MA. This could be a new strong long term trending
building . Risking close to 60 pips for a monster gain long term.
The market after hitting the weekly resistance structure in red has started an upper move.
Now the price is moving again around the 1.26 resistance area and if the market will manage to break above the structure we can set a nice long order according with our strategy.
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Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis, please comment below if...
I have placed 3 green arrows representing the triple bottom, which is also the head of an inverted H&S.
The RSI looks healthy, I see no reason why Costco won't perform bullishly going forward.
A triple bottom is a visual pattern that shows the buyers (bulls) taking control of the price action from the sellers (bears).
A triple bottom is generally seen as three...
After a triple bottom, the market inverted the trend pushing up on the resistence at about 1.46300, bouncing back on the support at 1.33480.
We expect the market reaching the resistence at 1.37033 (that is the same height of the triple bottom).
Let's track the trend and we hope to reach our target!
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The pair was in a free fall on daily and finally met a horizontal support that wasn't broken.
A triple bottom was accompanied by a diagonal resistance breakout, and a minor horizontal structure breakout followed.
A bounce further up is therefore reasonable to expect.
SL is below...
The analysis on the 4H timeframe for NZD/USD has been reliable and the Triple Top pattern has recently been formed. Nothing unexpected on the market has occurred and the price is back to the pennant. The next patter to be formed is the Triple Bottom.
TRIPLE BOTTOM IN PLAY - Buy opportunity with pair being oversold. 12-15 hour trade. be patient. Could dance for a few hours within current price range, then looking for a reverse in price toward bullish movement
