Trading Articles

Triple Bottom is a rare variation of a Double Bottom. It's main difference is that instead of two consecutive bottoms, the Triple Bottom has 3 Bottoms on the Support level. Of course, this is also a reversal chart pattern which leads to the reversal of trend from Bearish to Bullish.

In many Triple Bottoms , the third Bottom does not reach the Support level like the first two - and is stopped before the Support level. This indicates that buyers are gaining strength, and sellers did not succeed in pushing the price towards the Support level.

Illustration

Double Bottoms are a group of patterns that appear after an downtrend and signal its reversal. These are reliable patterns that allow us to join trends early and usually with great Risk:Reward ratio. Bottoms are should appear on a Support level.

Standard Double Bottoms

The Pullback is one of the most reliable trading signals, and it is used in trading various chart patterns. In this article we will define the pullback, address its advantages in trading and show examples of its use.

Definition
Pullback occurs after a breakout of a certain psychological level, when price returns to the level it previous broke. If price bounces from that level, it is said that price 'pulled back' to the level. The psychological level can be a Support level, a Resistance or even a dynamic level (trendline).

Volume is the fuel behind the price movements on the chart. It shows how many buyers and sellers participated in each candle - and provides priceless information about current trend and its strength. In this article you will learn to implement Volume in your Chart Patterns Trading.

Volume before Price