Trading the Triple Bottom - Stock Chart Pattern
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- Опубліковано 13 вер 2013
- Triple Bottom Reversal Pattern:
-Important: This pattern should be treated as a neutral pattern until it reaches the third bottom point. Before that moment it could form as other patterns such as a double top, a declining wedge, etc.
-If it breaks past the resistance line that is when the trade should be entered.
-If it doesn't break out, it will continue in a sideways motion.
-Typical time-frame: 3-6 months.
-The volume should spike when it's breaking the resistance line. At that point, the resistance line becomes support.
#tradingbottom #triplebottom #stockchart #stockpatterns #tradingstocks
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simple and very knowledgable
Very informative and useful analysis of triple bottoms....thanks
Thanks Sasha!
You deserve way more views! amazing channel man keep it up thanks, and are you going to upload trading videos?
Thanks for the video. I have a question though.
A triple Bottom is a Reversal right? and so it Double Bottom and Double Top. so does if it didn't form a full Tripple bottom and instead it formed a Double Top on a downtrending pattern, would that now be considered a contiuation it will continue going lower ofter the Double top? i hope that made sense
so comprehensive.
Well done bro
Thank you so much. I'm glad you enjoyed the video
Thanks
No problem
Does the support always have to be a horizontal like ( ___ ) or can it be a diagonal line ( / ) as well?
thanks
You're welcome!
Sasha, I am sure you answer questions on your YT channel, but I am subbed, and did like the video. The question I have as I am new to reading charts, my chart reading says the we hot a triple bottom yesterday on the SPY, this is going back from Sept 21, all the way until yesterday the 21st of Feb. am I correct? There seems to be a bunch more touches i that area, but it is over 3-6 months. Thanks in advance.
Triple touch or quadruple touch and many more touches it really doesn't matter the more important question is how you manage the position that you're planning to create. That's really the more important thing. Technical analysis is just a guide in the end. There's no perfection to it
hi
i have a very stupid question if you don't mind
what do i benefit from these triple points, and how do i use them to predict
am new to this so sorry
thanks in advance
are you essentially saying you would avoid playing in between this triple pattern? obviously it would depend on what you're trading, but you could potentially (if monitored closely) buy down at the supports and sell at the resistance level?
Sure..thank you. Big help and great teacher
What is the support indicator?? & What is the resistance indicator?
Does this pattern hold true for inclined trendlines or just horizontal ?
It would not be a triple bottom then in that case
How to trade? What is its target?
does this apply to intraday trading?????????
Thanks a lot..... And your videos are superb!!!!!
Please put this in context. Is this about buying or options? If buying, day trading or longer term?
Sasha Evdakov thanks. You do a great job of educating new investors. Thanks
Let's hope this is the case for btc right now 😎😎
is this works in smaller time frame sir? like 15 mins
Yes but less reliable as it's more computer based trading
About to hit triple bottom on BTC... Strap on...
Greg Kowal I noticed. Bitcoin and Litecoin to the moon!
And potentially again right now
Ok, you told me when to buy from identifying the pattern but you didn’t tell me when to sell. How much up trend should I expect after I buy at the breakout point? You’ve left out when to sell to realize a gain! It’s like teaching me how to complete a phone call without telling me that the call recipient has to answer their phone!!!💁♂️