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triple bottom trading strategy

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Torroco

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triple bottom strategy, this is a well-known reversal pattern used by traders to be used as a buy position entry tool, in contrast to the triple top, usually this triple bottom rarely appears and only slightly forms, we only look for 3 parallel lows and open buy positions by way of breakout the neckline of the pattern



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#1 - July 01, 2021, 09:45:55 AM
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« Last Edit: July 27, 2024, 09:55:23 PM by Admin »

Keylevel

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the triple bottom pattern turns out to be flexible, right? I noticed something similar to the reverse head and shoulder pattern too
#2 - August 07, 2021, 01:59:26 AM

Keylevel

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the potential of this triple bottom system will be maximized when the price moves sideway or will be a bullish reversal


#3 - August 11, 2021, 01:48:31 AM
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Kardel Sharpeye

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Triple bottom is a bullish chart pattern used in forex trading that signals a potential trend reversal. It occurs when the price of an asset creates three consecutive lows at a similar level, followed by a breakout above a resistance level. Traders use this pattern to identify potential buying opportunities and set their entry and exit points accordingly. The strategy involves placing a stop loss below the lowest point of the triple bottom formation and setting a profit target based on the distance between the pattern's neckline and the triple bottom's lows. As with any trading strategy, proper risk management is crucial to success.
#4 - March 04, 2023, 11:30:00 PM
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