November 2012
Intermediate to advanced
352 pages
7h 45m
English
Content preview from Visual Guide to Chart Patterns
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Triple Bottoms
Now that we have trained ourselves to find two bottoms that line up at the same price, let us look for triplets: three bottoms in a row. It is as easy as it sounds, except that triple bottoms are sometimes confused with head-and-shoulders bottoms. Maybe it is not so easy…
Triple bottoms are considerably rarer than double bottoms, but the technique used to find them is the same. Find a double bottom and then look to the left and right to see if a third bottom exists at the same price.
KEY POINT:
Triple bottoms are three valleys that bottom near the same price. The chart pattern acts as a bullish reversal of the downward price ...
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