A New Way of Using Chart Pattern

Chart pattern is a form of price movement that always repeats and hint the main signals, such as trend  forwarding and reversal. As the basic for finding entry point, technical analysis methods with chart pattern technique are very calculated as part of mainstay forex trading strategy. Mastering the chart pattern technique is one of to abilities that can make it easier to process forex trading strategy without indicators.

Most people use chart patterns for technical analysis when trading stocks, commodities, forex or other types. In this market condition, a pattern of very diverse duration will be formed which can occur from a few weeks to a month which will then be followed by an upward or downward price movement.

Triple Bottom Pattern

Triple bottom pattern is a position where the trend will increase. This pattern is characterized by the presence of three valleys (a graph that dips down or is in a low position) and is accompanied by two peaks (a graph that dips up or is in an up position) as a separation from each of these valleys.

When traders sees a triple bottom pattern, the trend position can be used as a momentum to make a purchase. This is due to trend positions in the triple bottom pattern has reached the lowest price and after that an increase or bull market will be predicted. 

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