A quote from Technical Analyst, John Murphy
The triple bottom is a reversal pattern made up of three equal lows followed by a breakout above resistance. While this pattern can form over just a few months, it is usually a long-term pattern that covers many months. Because of its long-term nature, weekly charts can be best suited for analysis. We will first examine the individual parts of the pattern and then look at an example
Telus could be a candidate for a triple bottom - we need a move above $48 to confirm the bottom
Bill Carrigan
The triple bottom is a reversal pattern made up of three equal lows followed by a breakout above resistance. While this pattern can form over just a few months, it is usually a long-term pattern that covers many months. Because of its long-term nature, weekly charts can be best suited for analysis. We will first examine the individual parts of the pattern and then look at an example
Telus could be a candidate for a triple bottom - we need a move above $48 to confirm the bottom
Bill Carrigan
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