- A Triple bottom has occurred and as we can see price has come to retest the neckline of the Triple bottom pattern.
- Will be looking to go long providing we can get a Bullish candlestick formation such as the Engulfing or Bullish hammer.
I'm looking at a triple bottom on AUD/ 15 minute chart, providing a potential 2618 opportunity.
If price action can come into the area of the 161.8% inversion of the third bottom (an extension can also be used from the mid leg of the triple bottom to determine the 161.8%), this will provide a potential 2618 buying opportunity.
Entry will be between the 61.8 and...
Apple stock has produced a triple bottom pattern or maybe even a cup with handle, this is backed by there being some form of flag/handle, this means BUY when it breaks resistance which it has.
This is backed by the COPP curve being in positive, showing a increase in trend. But if the earnings report is bad then I recommend selling immediately as it would...