We have seen a combination of these forms so far! DOUBLE TOP BAT PENNANT ... I believe we will soon be out of this triangle But now it's time to come up with a shoulder and a valley ... Consider the possibility of forming the opposite side of the head and shoulders! The diagram shows all my probabilities Now we have to wait and see what happens to us Follow me to update Thanks to all the friends!!!
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Komen
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Triple Bottoms are reversal patterns that aren’t as prevalent as Head and Shoulders or Double Tops or Double Bottoms. But, they act in a similar fashion and can be a powerful trading signal for a trend reversal. The patterns are formed when a price tests the same support or resistance level three times and is unable to break through.
They are probabilities on your chart, they are possibilities or scenarios. Probability is a statistical number that shows the likelihood that an event will occur.