-Important: This pattern should be treated as a neutral pattern until it reaches the third bottom point. Before that moment it could form as other patterns such as a double top, a declining wedge, etc.
-If it breaks past the resistance line that is when the trade should be entered.
-If it doesn’t break out, it will continue in a sideways motion.
-Typical time-frame: 3-6 months.
-The volume should spike when it’s breaking the resistance line. At that point, the resistance line becomes support.
#tradingbottom #triplebottom #stockchart #stockpatterns #tradingstocks
Posted at: https://tradersfly.com/blog/trading-the-triple-bottom-chart-pattern
? Newsletter & Announcements : https://tradersfly.com/go/tube/
? Discord Group: https://tradersfly.com/go/discord/
? Freebies: https://tradersfly.com/go/freebies/
? Start Here: https://tradersfly.com/go/start/
? Options Basics: https://tradersfly.com/go/start-options/
ONE-ON-ONE COACHING & MENTORING :::
? Coaching: https://tradersfly.com/go/coaching/
? Options Mentoring (4+ Months) https://tradersfly.com/go/mentoring/
PRODUCTS ::::
? Courses: https://tradersfly.com/go/courses/
? Books: https://tradersfly.com/go/books/
? My Tools: https://tradersfly.com/go/tools/
? My Equipment https://backstageincome.com/go/computergear/
? SOCIAL MEDIA:
https://tradersfly.com/go/twitter/
https://tradersfly.com/go/facebook/
? MY YOUTUBE CHANNELS:
TradersFly: https://backstageincome.com/go/youtube-tradersfly/
CriticalCharts: https://tradersfly.com/go/criticalcharts/
BackstageIncome: https://backstageincome.com/go/youtube-bsi/
MyLittleNestEgg: https://mylittlenestegg.com/go/youtube/
? WEBSITES:
? SOCIAL MEDIA:
https://tradersfly.com/go/twitter/
https://tradersfly.com/go/facebook/
? MY YOUTUBE CHANNELS:
TradersFly: https://backstageincome.com/go/youtube-tradersfly/
BackstageIncome: https://backstageincome.com/go/youtube-bsi/
MyLittleNestEgg: https://mylittlenestegg.com/go/youtube/
? ABOUT TRADERSFLY
Tradesfly is focused on me sharing my experience and knowledge about trading options. Although we include videos related to other areas of trading, the primary focus is trading options. If you are serious about learning to trade options for selling premium, creating spreads, be sure to subscribe to the channel and join our discord group.
? DISCLAIMER
All of the stocks mentioned in this video along with any other videos we have are opinions and not investment, financial or legal advice. These videos are for general education, information, and entertainment. Do your own due diligence and consult with a registered financial advisor before taking any position since everyone has a different risk tolerance.