Trading the Triple Bottom – Stock Chart 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
Posted at: https://tradersfly.com/blog/trading-the-triple-bottom-chart-pattern
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