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Triple Bottom U-Turn
How a Triple Bottom is Determined
As the name suggests, this price indicator is a pattern of three thrusts in position within a single line.
The lowest and highest rates are combined by direct reinforcements and divisions. The asset is underestimated should a price reversal occur thrice.
DesignationThe indicator is fixed when the price breaks through to the resistance mark--with potential error. A buy signal is given and the trend changes.
The Triple Bottom price reaches the target indicator when constructing a schematic price indicator. It is calculated by the formula:T = R + H, In the formula: T - goal indicator; R - resistance mark (local high rates); H - indicator height (distance of support and resistance indicators)
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