Today we will talk about the “Triple Top and Triple Bottom” Pattern 👨‍💻

A “Triple Top” is drawn at the highs when quotes are trending upward - unlike a “Double Top”, it has three price peaks. This means that the graph locally goes up three times and goes down three times. After the third fall, the base line is broken and a sale is made. A “triple bottom” reflects a top, but not at local highs, but at local lows. Accordingly, after the base line is broken, a purchase is made.

There are certain rules when trading triple bottom chart patterns. First, you need to see the market phase, whether it is moving up or down. Since a triple bottom forms at the end of a downtrend, the preceding trend must be downward. You must determine whether three rounded bottoms are formed and also note the size of the bottom. You should only enter a long position when the price breaks a resistance level or neckline.

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