$lode working on a triple bottom
USDJPY has formed a triple bottom, hugely respecting the 111 level. We also have a fibonacci 61.8% on 110.4, so the zone 110.4-111 works as a really strong support. The price is also respecting the TL from 2013, making the current zone really strong and the pair would need a huge momentum to push the price below these levels. The TPs are based upon fibonacci and...
Price has comleted a bullish bat pattern. At the D point we clearly see a triple bottom and in MACD a divergence. Too many factors to give us a high probability buy setup.
Looking at the 2 week chart we can see a clear formation of a triple bottom. Such a pattern is used to predict the reversal of a prolonged downtrend. This whole month has been full of volatility so we may see more movement soon. I am remaining positive that we may see upward movement soon. Read more: themerkle.com
Hello Traders During the past two bubbles Bitcoin has triple bottomed before beginning a subsequent rally. If this pattern repeats for a third time we will spike down to 230s before attempting a new rally. By bouncing up from this level , we would still be above the downtrend line (red) thus keeping Bitcoin in an overall bullish territory. Looking at the past...
Triple bottom in a downtrend. Broke through 4h channel then rallied sharply up. Looking for it to fall back through until it reaches new support in the $35 range. Not to mention a PE higher than QCOM in the DotCom boom, but hey who's counting?
Greetings Fellow Traders, As Traders it is our responsibility to understand what the Market's current intentions are to give us the best possible chance of success on our trade decisions. The market is constantly evolving and changing it's course of action and it's important that we stay flexible and adapt to any of those changes that occur. ***While it is...
Nov 13 2015: NEUTRAL EURGBP 1 Hour: Buy triple bottom (Analysis Based on 1 hour chart) Observations 1 Short term bearish channel 2. RSI bullish hidden divergence 3. RSI bullish regular divergence 4. Consolidation NOTE: Wait for price action to confirm the importance of these levels. If you find this information useful. Please hit the LIKE button.
Greetings Traders! This week started off relatively quiet, not a whole lot of movement but we as traders know that kind of lull never lasts. Thursday's trading session picked up in volume and price action and once again we are beginning to see new price action. This is a very quick trade down to the 1 hour or 4 hour chart on NZDUSD, .6500 if you haven't seen it...
Corn has been diving over the last 3 years since it's peak in 2012. Beside small correction move in 2014, it was pretty much a nose dive that cut corn value in more than half. Since October 2014, Corn has been bouncing around the 22-23$ support zone, which is also the 127 extension for the first part of corn's decline (Aug 2012- Jan 2014). The second time...
16$ Is critical support. A close above 18-19$ could mean a buy signal. Volume still shows sellers pressure
DOUBLE BOTTOM IN THE CHART DAILY AND TRIPLE BOTTOM IN THE CHART 4H . 2 SIGNAL FOR BUY . GOOD LUCK.
I talk about this chart in this video: www.youtube.com Seeing possible head and shoulders, or triple bottom to occur before taking a long position. As the chart stands I'm neutral (although I do have a long position from earlier).
BABA is coming off of a triple bottom trend reversal pattern and has recently pullback. Nice hammer on a bull pullback.
BABA lifts off bouncing from a triple bottom trend reversal pattern on great volume.
This is a tricky one to read (for me). It seems Vasco has failed several attempts at a breakout. I see a failed inverse head and shoulders, a failed cup and handle, and I drew up this chart being that the SPY is up 1.3% as I type this and VDSI is down 3.3% (at the low of the day). Fundamentals might suggest this is a long term play, however I would wait before...