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Triple Floor – Chart Pattern reversal

February 18, 2011 by Forex Market

The triple bottom is a chart pattern reversal consisted of three equal minimum followed by a break above a resistance defined. It is a long-term pattern that usually take a long time to form. Here are the main characteristics of this pattern: the previous trend: Once again, as in any reversal pattern, there should be an identifiable trend that predates the advent of triple bottom. This trend should be a downtrend or a long range market. Three minimum: The minimum marks the bottom of the pattern …

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