Triple Bottoms (bullish)
CURRENT CONFIDENCE = 62%
TARGET (EXIT) PRICE = 1.634477 AUD
BREAKOUT (ENTRY) PRICE = 1.630865 AUD
DISTANCE TO TARGET PRICE = 0.19% (31.5 pips)
Tickeron AI shows that the Triple Bottom pattern appears when there are three distinct low points (1, 3, 5) that represent a consistent support level. The pair tests the support level over time but eventually breaks resistance and makes a strong move to the upside.
This type of formation happens when sellers can not break the support price, and market participants eventually pour in.
TARGET (EXIT) PRICE = 1.634477 AUD
BREAKOUT (ENTRY) PRICE = 1.630865 AUD
DISTANCE TO TARGET PRICE = 0.19% (31.5 pips)
Tickeron AI shows that the Triple Bottom pattern appears when there are three distinct low points (1, 3, 5) that represent a consistent support level. The pair tests the support level over time but eventually breaks resistance and makes a strong move to the upside.
This type of formation happens when sellers can not break the support price, and market participants eventually pour in.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.