The triple bottom is a bullish reversal pattern that occurs at the end of a downtrend. This candlestick pattern suggests an impending change in the trend direction after the sellers failed to break the support in three consecutive attempts.
On the other hand, its scarcity makes it a very strong and powerful pattern. The sellers are extremely exhausted after three consecutive attempts to break lower, which makes them exposed to a rally as buyers feel much more confident after defending a strong horizontal support.
The triple bottom formation doesn’t have any apparent weaknesses. Actually, its biggest limitation is that it doesn’t occur quite often, otherwise it would be the strongest reversal pattern out there.
It’s a 15 minutes chart. What are you smoking?
Can you do my horoscope as well please?
How can you exhaust sellers within 5 minutes?
Your support broke
this is the way.
Am I the only one hoping for lower prices?
So its going up?
That’s a strong statement based on a 15m chart.
Looks like a bearish flag. No triple bottom lol
8 hours later, Looks like you were right.
8 hours later, Looks like you were right.
Ima keep it 💯 with your chief I think we see $50
It’s trading below $55 now.
You know, you can always find a pattern and build a story on it…
Numbers go up, numbers go down. It’s all noise. Selling Sol in double digits is foolish….hell selling in triple digits is likely to be regretful.
Yes and that’s hopefully lower so I can accumulate more before next year’s nutbusting bull market.