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Igor

Triple Bottom Definition

By Igor, in Trading Dictionary

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Igor    10

Igor
Posted

The downtrending asset first makes a low, then reverses upwards to a particular point (the neckline area), then resumes a further downward move that bounces at the same area as the first low, reverses back up to the neckline and then drops once more to the same support as the previous two lows, before making a full reversal which breaks above the neckline resistance, providing the bullish reversal signal.

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