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I Love TradingDESCRIPTION
Wednesday, July 30, 2008. Pattern displays three distinct minor lows at approximately the same price level. The triple bottom is considered to be a variation of the head and shoulders bottom. Like that pattern, the triple bottom is a reversal pattern. How to trade this pattern? Go long above the neckline resistance level when the price breaks from its third bottom below, the most likely price direction is now UP. Place your stop below its third bottom price! The price pattern forms a gradual bowl sha.CONTENT
This web page hangsengstyle.blogspot.com states the following, "Wednesday, July 30, 2008." We saw that the webpage said " Pattern displays three distinct minor lows at approximately the same price level." It also said " The triple bottom is considered to be a variation of the head and shoulders bottom. Like that pattern, the triple bottom is a reversal pattern. How to trade this pattern? Go long above the neckline resistance level when the price breaks from its third bottom below, the most likely price direction is now UP. Place your stop below its third bottom price! The price pattern forms a gradual bowl sha."