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Triplebottom

RVNUSDT is creating a triple bottom on weekly support 🦐RVNUSDT is creating a triple bottom on weekly and historical support. IF and only IF the price will break the current resistance and flip it as support, According to Plancton's strategy, we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
16
STMXUSDT Triple bottom and fake breakout 🦐STMXUSDT creates a Triple bottom and fake breakout, now the price is testing the neckline one more time, IF the price will break the resistance and close above the neckline According to Plancton's strategy, we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
4
DASHUSDT Triple bottom 🦐DASHUSDT created the Triple bottom on monthly support. IF the price will break the descending channel and retest the previous resistance as support, According to Plancton's strategy, we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
12
Descending Triangle or Bullish Flag for Gold?Gold is trading in a noticeable Bullish Flag or Descending Triangle, and the RSI is displaying a similar pattern as well as the KST. On the KST there's possibly a Triple Bottom and a Bullish cross happening on the third bottom, we'll have a better understanding of the third bottom if it remains a higher low in the upcoming trading days/weeks. If the KST gets doesn't create a higher high & gets rejected at the blue downward sloping line Gold will start looking worrisome "if" the trend continues as suggested with the green line I've drawn to represent "potential" future price action. If we see the KST develop like the blue line I've drawn Gold will look much healthier from a bullish perspective.
TVC:GOLD
by ScotianBot
PLAN Triple Bottoms (bullish)I found this pattern at tickeron website with the following data: STATUS = Confirmed CURRENT CONFIDENCE = 79% TARGET (EXIT) PRICE = 60.34 USD BREAKOUT (ENTRY) PRICE = 58.55 USD DISTANCE TO TARGET PRICE = 3.19% EMERGED ON = Sep 17, 08:00 AM (EDT) CONFIRMED ON = Sep 21, 12:27 PM (EDT) WITH CONFIDENCE LEVEL = 90% The Triple Bottom pattern appears when there are three distinct low points (1, 3, 5) that represent a consistent support level. The security 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. Trade idea Once the price breaks out from the top pattern boundary, day traders and swing traders should trade with an UP trend. Consider buying a security or a call option at the breakout price level. To identify an exit, compute the target price by adding the pattern’s height (highest price minus the bottom price support level) to the breakout level ­ the highest high. When trading, wait for the confirmation move, which is when the price rises above the breakout level. To limit potential loss when price suddenly goes in the wrong direction, consider placing a stop order to sell at or below the breakout price.
PLong
by AlTorress
DOW JONES inside a daily channel 🦐DOW JONES is moving inside a channel and price after hitting the top has been rejected till the bottom trendline. Price seem to create a bull flag and before finding a support where it created a triple bottom. Now if the price will manage to break and close above the 4 structure we can set a nice long order according with Plancton's strategy. ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
FOREXCOM:US30Long
by InkyGrip
13
Ascending Triangle & Triple Bottom for CRSP?Notice the dark blue pattern on the chart, there's noticeably a Ascending Triangle and coincidentally a bullish inverted H&S where I have placed the green lines. Above each green line is appears to be a bottom, and there's three very noticeable on the line chart as opposed to the hollow candle chart. I have placed three blue finger icons so there is no confusion, each finger represents a bottom of the Triple Bottom. On the RSI there's was clearly a modest divergence, if the Ascending Triangle breakout to the upside the RSI is going to need to create a higher high and break out of the pattern to the upside negating the possibility of this ending in a bearish divergence & descending triangle.
NASDAQ:CRSPLong
by ScotianBot
USDCHF consolidation at the bottom 🦐USDCHF is consolidation at the bottom of a bullish move. After a triple bottom and a false breakout where the market touch 0.90100 we can expect some retracement move. IF the market will break above the upper daily structure we can set a nice long order according with Plancton's strategy. ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Long
by InkyGrip
13
Micro Head & Shoulders on the DXY, Macro Descending Triangle.There appears to be a micro H&S playing out at the moment, the green upward sloping line of support has been broken to the downside, we have seen multiple bullish reactions off of that green line, but now the weakness in the trend is becoming more noticeable. The red M pattern is the Head & Shoulders, I've placed a giant red human icon to represent the head of the pattern, and the shoulders are clearly on each side. In two separate areas I have placed three blue finger icons that display a triple bottom, interestingly enough if there's a third triple bottom created inside the Macro descending triangle pattern in dark blue the Dollar may potentially turn this into a bull flag & break out to the upside, but I doubt it. I wouldn't be surprised to see the Macro descending triangle play out to the downside, and similar to Crude oil going negative earlier this year the Dollar is in for a Crude Awakening. Notice the RSI diverging since early 2015, meanwhile the price has been range bound underneath the downward sloping resistance of the Macro Descending Triangle. On the KST I've placed red finger icons displaying previous bearish crosses like we've just seen underneath the right shoulder on the H&S drawn on the KST. The Red line crossing over the green to the downside generally coincides with a sell off.
TVC:DXYShort
by PrivyCapital
Macro Ascending Triangle for BNS?On the RSI there's noticeably a triple bottom coinciding with three touch points on the upward sloping support of the Ascending Triangle. If you move the chart left there's the first touch point of four on the upward sloping support of the ascending triangle dating back in 2003. On a 5 year chart attached to this all time log scale chart there's been a golden cross on the KST that isn't noticeable here, the golden cross is recognizable on a 1 year chart as well.
NYSE:BNSLong
by ScotianBot
GBPUSD try to break an important level 🦐The market after hitting the weekly resistance structure in red has started an upper move. Now the price is moving again around the 1.26 resistance area and if the market will manage to break above the structure we can set a nice long order according with our strategy. ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Long
by InkyGrip
Triple Bottom or Inverted H&S?I have placed 3 green arrows representing the triple bottom, which is also the head of an inverted H&S. The RSI looks healthy, I see no reason why Costco won't perform bullishly going forward. 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. The triple bottom chart pattern typically follows a prolonged downtrend where bears are in control of the market. While the first bottom could simply be normal price movement, the second bottom is indicative of the bulls gaining momentum and preparing for a possible reversal. The third bottom indicates that there's strong support in place and bears may capitulate when the price breaks through resistance levels. 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. The dark Blue line on the chart represents the neckline.
NASDAQ:COSTLong
by ScotianBot
1