Forex Zone | Forex Forum

triple bottom trading strategy

Discussion started on Trading Systems

  • triple bottom trading strategy in Trading Systems_index
  • Posts: 5458
  • Points: 1753
  • Likes Received: 534
  • Reputation: +22/-18
triple bottom trading strategy in Trading Systems_clip
triple bottom strategy, this is a well-known reversal pattern used by traders to be used as a buy position entry tool, in contrast to the triple top, usually this triple bottom rarely appears and only slightly forms, we only look for 3 parallel lows and open buy positions by way of breakout the neckline of the pattern

Linkback: https://www.forex.zone/trading-systems/10/triple-bottom-trading-strategy/3425/
#1 - July 01, 2021, 09:45:55 AM
Attachments:

  • Posts: 365
  • Points: 624
  • Likes Received: 2
  • Reputation: +0/-0
triple bottom trading strategy in Trading Systems_xx
the triple bottom pattern turns out to be flexible, right? I noticed something similar to the reverse head and shoulder pattern too
#2 - August 07, 2021, 01:59:26 AM

  • Posts: 365
  • Points: 624
  • Likes Received: 2
  • Reputation: +0/-0
triple bottom trading strategy in Trading Systems_clip
the potential of this triple bottom system will be maximized when the price moves sideway or will be a bullish reversal


#3 - August 11, 2021, 01:48:31 AM
Attachments:

  • triple bottom trading strategy in Trading Systems_index
  • Posts: 2167
  • Points: 2732
  • Likes Received: 2
  • Reputation: +0/-11
triple bottom trading strategy in Trading Systems_xx
Triple bottom is a bullish chart pattern used in forex trading that signals a potential trend reversal. It occurs when the price of an asset creates three consecutive lows at a similar level, followed by a breakout above a resistance level. Traders use this pattern to identify potential buying opportunities and set their entry and exit points accordingly. The strategy involves placing a stop loss below the lowest point of the triple bottom formation and setting a profit target based on the distance between the pattern's neckline and the triple bottom's lows. As with any trading strategy, proper risk management is crucial to success.
#4 - March 04, 2023, 11:30:00 PM

Members:

0 Members and 1 Guest are viewing this topic.


* Similar Topics

xx
Triple Bottoms and best trading strategy

Started by best forex on General Forex Discussion

205 Replies
3333 Views
Last post May 09, 2023, 04:10:46 AM
by Kardel Sharpeye
clip
TRIPLE TOP STRATEGY

Started by Torroco on Trading Systems

3 Replies
525 Views
Last post March 04, 2023, 11:34:03 PM
by Kardel Sharpeye
clip
Triple zig zag ea

Started by Resh1969 on MT4 / MT5 EAs

29 Replies
5851 Views
Last post September 27, 2019, 09:46:29 AM
by N koke
xx
Trading based on Double Top and Double Bottom

Started by zanurreload on Forex Education

158 Replies
3443 Views
Last post May 07, 2023, 04:40:31 AM
by Vernalta