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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