$Seatrium (S51.SG)$ sorry how to see triple bottom? so far o...
$Seatrium(S51.SG$ sorry how to see triple bottom? so far only learn double bottom but dunno triple bottom ![]()
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Crafting Nyonya, Teochew Kueh, Bak Chang, Teochew Mooncake from scratch in Tampines.
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Larkin : Identifying a triple bottom pattern in a stock chart typically involves looking for three distinct lows that form at approximately the same level, followed by a reversal in the stock's price trend. Here's how to spot it:
1. **Identify the Lows:** Look for three significant lows on the stock chart that are relatively equal in price, forming a pattern resembling the letter "W" or "U".
2. **Confirming Volume:** Check if there's a decrease in volume as the pattern develops, followed by an increase in volume as the stock breaks above the resistance level formed by the previous highs.
3. **Resistance Breakout:** Once the stock price breaks above the resistance level formed by the highs between the lows, it confirms the validity of the triple bottom pattern.
4. **Price Target:** Some traders measure the potential price target by taking the distance from the resistance level to the lowest low of the pattern and adding it to the resistance level.
Remember, like all technical analysis patterns, the triple bottom is not foolproof and should be used in conjunction with other indicators and analysis methods to make informed trading decisions.
tis from GPT.....so chim....I know kopi nia
Cui Nyonya KuehOP Larkin:
Cui Nyonya KuehOP Larkin: 谢谢你 I will try to study
BagHolder23 : Its all black magic.
Some people believe if you draw lines on a candle chart, face east and sacrifice a chicken you can predict the future.
Cui Nyonya KuehOP BagHolder23: just trying to understand. thank u
soyabean89 : also not sure..maybe like this?
Cui Nyonya KuehOP soyabean89: I also dunno leh
I thought your one is double bottom ?
Larkin Cui Nyonya KuehOP: triple....lol
Larkin : to the moon
Cui Nyonya KuehOP Larkin: how u know? because the third one is based on "prediction" ?
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