EURUSDHello Traders, here is the full analysis for this pair,
patern triple bottom
let me know in the comment section below if you have any questions,
Triplebottom
EURUSD longlooking at the clear triple bottom printed on the pair....am inclined to go long on this pair.......lets see how NFP plays out today...
Price action & Psychology - Triple bottom, rejectionHello !
Key points:
Triple bottom
Rejection at support
Spike in volume
That price rejection actually tells us that people were afraid and panic sold at open, driving the price down until it encountered some buying pressure and price went back up.
When gauging this candlestick pattern, it is important that :
It is at a support level
Occurs after a selling wave
Shadow/wick goes below previous swing point low
A volume increase
An obvious wider price range
Look at the previous candlestick, it clearly tells us that there was some buying pressure but not enough momentum to carry the price up. Furthermore, it pulled back, I'd guess, halfway at previous "resistance" from the second bottom.
Thanks for reading and if you have suggestions or wanna discuss the idea, just leave a comment, I'll be happy to answer.
***Disclaimer : This is not an advice to buy the stock. Please, be aware that trading is a matter of probabilities and that it takes only ONE trader to deny your trade.***
Triple Bottom, Ascending Triangle & Inverted Head & Shoulders?QE4EVER, do you ever remember reading about this in Economics 101? Fuck no, and Bitcoin wasn't in Economics 101 either, remember that when conducting your analysis.
Moving on, Bitcoin appears to be trading in a Ascending Triangle outlined in Blue.
Where I have placed the 3 green arrows pointing sideways to the right is a nice example of a Triple Bottom, there's also merit for a Inverse Head & Shoulders.
A triple bottom is a bullish chart pattern used in technical analysis that's characterized by three equal lows followed by a breakout above the resistance level.
A triple bottom is a visual pattern that shows the buyers (bulls) taking control of the price action from the sellers (bears).
A triple bottom is generally seen as three roughly equal lows bouncing off support followed by the price action breaching resistance.
The formation of triple bottom is seen as an opportunity to enter a bullish position.
An ascending triangle is a chart pattern used in technical analysis. It is created by price moves that allow for a horizontal line to be drawn along the swing highs, and a rising trendline to be drawn along the swing lows. The two lines form a triangle. Traders often watch for breakouts from triangle patterns. The breakout can occur to the upside or downside. Ascending triangles are often called continuation patterns since the price will typically breakout in the same direction as the trend that was in place just prior to the triangle forming.
The trendlines of a triangle need to run along at least two swing highs and two swing lows.
Ascending triangles are considered a continuation pattern, as the price will typically breakout of the triangle in the price direction prevailing before the triangle. Although, this won't always occur. A breakout in any direction is noteworthy.
A long trade is taken if the price breaks above the top of the pattern.
A short trade is taken if the price breaks below the lower trendline.
A stop loss is typically placed just outside the pattern on the opposite side from the breakout.
A profit target is calculated by taking the height of the triangle, at its thickest point, and adding or subtracting that to/from the breakout point.
CPE Triple Bottom Reversal LongCPE has formed a strong bottom. NYSE is easing restrictions, it will have time before split stock reversal and may not perform it. Still a good long hold to gain close double profit. High point around 90 cent
NZDCAD. Price will break through the borders of resistance.Hello dear traders.
This chart shows a Figure: Triple bottom.
The price has already touched the support level 3 times, thereby reaching the bottom.
It is expected that the price will rise up and break through the borders of resistance
and reach its target.
Good luck to you.
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This idea does not provide the financial advice.
Is Tinley trading in a Bullish Flag?It appears as though TNY is about to make a Macro higher, which would confirm the bullish flag & be a continuation of the Triple Bottom / Inverse Head & Shoulders I talked about in my previous post. A Cup & Handle pattern played out perfectly recently too, so there's been a few bullish patterns recently that have resulted in bullish outcomes.
Be mindful of the range of confluence we are trading in currently, which is where the descending triangle capitulated to the downside on March 4th & March 5th, until finding a Triple Bottom on March 19th.
We may see bears attempt another short attack if support isn't held at 37c.
EUR/JPY Triple Bottom Hello Everyone !
Below we have a long term down trend on EUR/JPY Giving this pair a huge Upside Potential for Longer Term.
For the moment we are having EUR/JPY standing at a Triple Bottom which seems to be a pretty strong Level where we are finding support, We wait for the next week to see how market reacts in order for us to get some precise Entries on this One.
Stay Home & Trade Safe !
Let me know in the Comments your opinion About this one !
Near the supportI expect the support zone will stop falling and the V-shaped recovery hope will lead Nasdaq to a new high.
If the wave (iv) will be broken then the wave ((c)) of B may have found it's place. Let's see
Triple Bottom & Inverse Head & Shoulders. Has Aleafia stuck in a bottom recently, it appears as though on the RSI there is a staircase creation of higher lows & higher highs, and now a Inverse Head & Shoulders is forming & may break-out bullishly to the upside in the near term.
It also seems like a bull flag is breaking out to the upside right now.
Macro Ascending Triangle & Triple Bottom?It appears as though TNY may be trading in a huge ascending triangle on a 4-year chart.
Recently the RSI went to all-time lows, and since then we've seen a nice Triple Bottom & some bullish momentum.
Notice where I've placed the blue sideways arrows, there are three bottoms that coincide with a price range of roughly 23c in March 2017.
Again in late July & Aug 2017 at approximately the same price range.
And more recently we found a low of roughly 18.5c, which could potentially represent the third bottom of the Triple Bottom. We can see on this chart that there was a Triple Bottom that happened in late 2016 until late 2017, I have three blue arrows inside of a descending triangle patten that represent what I am refrencing.
A triple bottom is a visual pattern that shows the buyers (bulls) taking control of the price action from the sellers (bears).
A triple bottom is generally seen as three roughly equal lows bouncing off support followed by the price action breaching resistance.
The formation of triple bottom is seen as an opportunity to enter a bullish position.
There should be an existing downtrend in place before the pattern occurs.
The three lows should be roughly equal in price and spaced out from each other. While the price doesn't have to be exactly equal, it should be reasonably close to the same price, such that a trendline is horizontal.
The volume should drop throughout the pattern in a sign that bears are losing strength, while bullish volume should increase as the price breaks through the final resistance.
BITCOIN BULLISH - BUT HEADING SOUTH FIRST!Hey all!
Hope everyone is having a geat day! ... errr night. errr wait. Morning. Whatever time of day it is -I hope you're enjoying it.
Update to my previous 5 published ideas.
We look to be continuing to play out the larger CUP AND HANDLE BULLISH REVERSAL PATTERN over -all.
The tricky part has been ID'ing the HANDLE structure and where to expect BTC to begin it's break out. It's looking a bit more clear now.
ALSO! - Keep your eyes and ears out tomorrow into Monday morning with the Stock Market opens... For a better take on the this, check out @davincij15 's Tweet: twitter.com
What do you think? Would love to hear your take on this price action.
Cheers-
Bitcoin triple bottoms never end wellI think it is highly unlikely the yearly low is in. Looking at the weekly chart, we can see the 3-4k range has served as a key has served first as support, then an accumulation range and has been tested for the third time.
From my observation, double/triple bottom patterns are not high probability setups in Bitcoin (or any market for that matter).
Key arguments:
First test: S/R flip. Down move to 3k effectively led us to ATH.
Second test: 4 month accumulation range, led us to 14k (2019 high)
Third test: Q1 2020 collapse as result of global fears.
I think the most significant point here is that the move from early 2019 to 14k failed to reach ATH before retracing the entire move: it seems that interest has been exhausted. I would be surprised if we didn't see 1.5-2k levels in the next 12-24 months. That being said, it would not be the end for bitcoin entirely, but it would see lots of the remaining retail traders/speculators leave the market. If we do recover to over 10k in the next 12 months that would present a very bullish structure, but for now it is sensible to hedge expecting lower prices coming.
Triple Bottom on the RSI? Inverse Head & Shoulder?Since Tinley has broken down from a Descending Triangle / Bearish Flag pattern, which outlined in dark red, it appears as though Tinley may have created a Triple Bottom on the RSI.
It looks like an Inverted Head & Shoulders where I have the Blue arrow pointing sideways on the RSI, and at the same time could be a Triple Bottom if there's continued bullish momentum.
The bottom of the descending triangle pattern is where I expect to see a potential bounce 2, if Tinley can release any substantial news there's merit for bullish price movement back into the pattern or slicing through it like butter.
I expect to see rejection or some heavy resistance preventing Tinley from breaking above were the Green arrow ends upward.
The RSI is so oversold on a 1 year chart it's hard not to consider this a screaming buy with blood on the streets, especially considering pending news announcements that could be quite significant in terms of shaping the company's direction going forward.
On a 1 month chart TNY bounced off the 200 Day MA & is currently trading above it.
ATOMBTC | Triple bottom and breakout possibilityAt 1H timeframe chart we can see the price action in the Triangle. The first attempt to breakout was made in a local upward movement in a smaller triangle pattern. However there was not enough trade volume and long power support, which is represented by Ichimoku clouds attraction below price action zone on 15th of March.
Currently ATOMBTC formed a triple bottom pattern and accumulated for a bounce, moreover Ichi is now acts like a support and attracts the price action to the higher zone which can result in a massive breakout in the short-term
Entry zone, targets and stop loss are presented in the Premium and Basic channels. You can find Basic channel link in the signature below
Bear Flag? Inverse H&S / Triple Bottom?It appears as though Bitcoin is creating a "micro" series of higher lows forming a pennant pattern, similar to a descending triangle in appearance because of the downward sloping resistance.
Where I have placed the first two Bitcoin Icons represents the higher lows, I'm still watching the pattern develop as the consolidation is taking the shape of an Inverse Head & Shoulders.
An inverse head and shoulders is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in downtrends
An inverse head and shoulders pattern, upon completion, signals a bull market
Investors typically enter into a long position when the price rises above the resistance of the neckline.
After long bearish trends, the price falls to a trough and subsequently rises to form a peak.
The price falls again to form a second trough substantially below the initial low and rises yet again.
The price falls for a third time, but only to the level of the first trough, before rising once more and reversing the trend.
The RSI appears to be topping out, keep an eye on this.
Where I have placed the 3rd Bitcoin icon is a possible third bottom if downward sloping resistance is too bearish.
IOTA Accumulation channel Triple bottom U-turn Potential 60-120%IOTA / BTC Accumulation channel in increments of 60%.
The price is now at the bottom of the channel, for some time it will move in lateral movement, then most likely to the channel resistance + 60% and then working out the reversal pattern a triple bottom . If this happens, there will be a reversal of the main trend.
Target for local work.
The potential of this local work is from + 60-120%.
Stop loss
Under the accumulation channel support line.
During the development of the upward movement, move it up at key levels so that your profit does not turn into a loss. But keep in mind the volatility of the instrument.
BTC- Safe asset? The moment of reckoning! PA/OF analysistwitter.com
All these talks about BTC being the safe asset during the economic turmoil and Financial crisis...
It is now the perfect time for it to step up to the plate and rise to the occasion. Is it finally BTC's moment to shine?
Let's take a quick look at what happened during the weekend.
The fast and furious drop is the result of thin liquidity and IMO, a pure long liquidity grab move. The price did not get violently rejected at the 9.2k because of the extreme momentum, crazy volume, high volatility and overheated buying pressure.
In other words, it was not a blown-off top resulting from the overbought status. The price reversed because the lack of short liquidity (Lack of buyers at 9.2k or weak buying power relative to the strong limit sell orders/walls at 9.2k).
Therefore, I expect it to be the profit-taking move by whales and, whales are possibly building up more long position through split orders.
Fear index is below 20 and the the last time it happened BTC rebounded from 6.5k.
Fast and furious pullback with no bounce like this one BTC is currently experiencing cannot last long. I expect at least some relief rebound. If not, 7.2k here we come.
Proceed with caution and focus on the HTF when the volatility is high.
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SPY - Triple Bottom/Top ForecastSeen this behavior before and seems very likely to me to be a Triple Bottom.
Look at October 2018 or August 2019 for recent examples. In Oct '18 we had a Triple Top which broke to the downside. Aug '19 was a Triple Bot which broke to upside.
I think it's likely we run up to that red rectangle sell zone again, may not get quite as high as this is a predictable move and smart money wants to get their sell orders filled while prices are moving UP, not trying to chase them DOWN.
If this plays out and we hit the 3rd Bottom, I would be a bit patient because I could see this playing out either way. Buy a Straddle if the IV and premium isn't a killer, or wait for the move--
I have a hard time seeing a 3rd Top sticking, more likely a brief pause and pullback before a breakout and move UP. On the contrary, it would feel to me like a 3rd retest of support that fails will be swift and brutal.
Bull Flag after a Triple Bottom?Or, is ETH trading in a descending triangle that would continue the bearish momentum since the H&S pattern played out recently?
Short/Middle -term idea: BUY TALO @ 18.21Buy @ 18.21
Take @ 24.0 (+31%)
Stop @ 17.3 (-5%)
Due to impact of the coronavirus Energy sector plunged the most among the sectors. That's why it is a good idea to start watching for energy stocks.
Talos Energy highly sensitive to oil prices, therefore I recommend to place close stop order. However the return may be even over $24,0, but more probably that it will touch 24,0 and reverse for correction.
Talos Energy has an aggressive plans to enlarge margins and to cut costs. Please make an research by yourself to proof these statements.
In conclusion, I want to invest in energy sector stock due to the coronavirus impact and I choose one that has a high potential to surge till the year ends.
All energy stocks considered as risky investment, so I strongly recommend to put close stop orders.
NZDJPY has formed triple bottom patternminor support level has brought price up on my previous analysis (link attached below!), now price formed triple bottom formation and might bring NZDJPY continue its upward movement, wait for horizontal resistance breakout before placing any buy order. be patient!
Plan : horizontal resistance breakout --> wait for prices to bounce off from horizontal support --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
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GWBFX
