SH11.gif The rectangle pattern is similar to the triple tops or triple bottoms pattern because it simplifies the explanation: assuming the original trend is an uptrend, when the triple tops are formed, they retrace until prices break through the base line goes down, but the rectangle is not like that. When there is a downturn after the 3rd peak, it appears that it has rebounded from the base line at the bottom (pictured), so it is starting to not look like triple tops. Think carefully after sprung up from the bottom Prices have continued to move up. Until it breaks through the resistance line And this suggests that rectangle is a continuation, not a reversal like triple tops, or some might say that rectangle is no different from a sideways movement, probably yes. Very correct But let me tell you that. Are you started to understand, right? grade7-bullish-rectangle-before.png grade7-bearish-rectangle-before.png There are some observations To distinguish between triple tops or triple bottoms and rectangles is that triple tops or triple bottoms are formed with a somewhat wider channel than the rectangle\"s channel. In other words, in the case of triple tops or triple bottoms, The up and down motion is more intense in the case of rectangles. If you understand the rectangle in the uptrend case then the downtrend rectangle should be easier for you to understand. Just change the observation point from the bottom point. Comes as the vertex instead as shown in the example image.
ascending-triangle-Pattern.png Ascending Triangle (see picture) you can see that it is similar to triple tops, but the difference is At the time of declining during the formation, the latter marsh bottom is higher than the previous marsh bottom, eg 3 above 2 and 2 above 1 (while the triple top, the marsh bottom is approximately level. Each other), so can analyze whether the price is likely to continue to move up and how much it will move up After breaking through the resistance level? Based on technical analysis principles It can be analyzed that the price is likely to move up a distance equal to or close to the distance measured from point A to resistance, so those waiting to sell should be prepared to take profits at that level. But when the price dropped will be able to buy it (If it does not go down much until it changes the trend in the form of reversal patterns) because The adjustment is a minor adjustment in a big trend, which is an uptrend. Ascending-Triangle-Chart-1024x511.jpeg IFCM_patterns_triangle_ascending.png In the above example, both pictures show that the SET index\"s ascending triangle formed at some point, which allowed the SET index to maintain its original trend. That is, before the ascending triangle formed, the SET index was different. Move up After such a form, the SET index can still be in an uptrend. In the first example image has applied the principle of finding price targets If the price is able to break through the horizontal limiting border of the upward triangle, let\"s apply it. Which can be seen that at the predicted line The share price has adjusted and fluctuated somewhat. Which means small There will be a short-term profit coming out, however, for this case. Short-term profitability cannot stop the determination or strength of the SET index, as can be seen from the SET index continues to climb up unceasingly. Those who knew they sold it is a waste of will rush back to buy back in order to continue to be in the market.
20210623114822-triple-tops-bottoms-1999.jpg Let\"s talk about triple tops first. Its broad definition is that the volume price attempts to push past the horizontal resistance but fails to do so. Also resulted in an adjustment in later periods Listening to it may not be clear. Let\"s do this. Let\"s try to understand further. And see pictures as well. chartpattern1b.jpg In the figure above, let\"s say the price is moving up. And has moved to the top 1, and then there was a collapse in sales, causing a decline to the bottom 1, but the number of shares during the bottom 1, is still not much because everyone thinks that It is a minor adjustment in a big trend that still maintains an uptrend. Want to buy and the price is chasing up until close to the top 1, that has just passed With confidence that it will continue to move in an uptrend, the number of volumes that have been battling in this period is quite large. ST-TEMPLATE-4.png However, as mentioned above on the meaning of resistance As a result, the price has moved down from the 2nd top and continued to flow down to the 2nd bottom, which is a support line. Traders\" expectation remains that there may be a rebound. Therefore, during the 2nd bottom line the volumes appearing are less than during recent uptrends. Because there is still a concern that after selling it can\"t be repurchased (buy it back at a higher price than it sold), but when it comes to actually moving up to the 3rd top, some traders are starting to worry because 2 times ago It has never been able to pass through it. Therefore did not dare to buy to pursue The number of volumes in this period is seldom different from the last period, so when it reaches the 3rd top, it is quite brittle. A downward adjustment is likely to occur. Which can be seen that Three attempts of the price (triple) still failed to break. Pass through horizontal resistance. The completeness of the form takes place. When the price has adjusted down until breaking through the horizontal support line that used to support the abyss point 1 and bottom point 2 down. Here, the level is seen as a neckline, similar to the case of head \u0026 shoulders, but in fact, they call it the base line. The amount of volume in this period will increase a lot. As a result of making a profit that will occur after. Question, will you stop playing at all? The answer is No! But will wait to set up at a level away from the neckline down equal to or close to the distance measured from the top 2 to the neckline, in principle, there may be some rebound. But that\"s just a bounce, not a shift. Continually rising playing in this period It could be a bit of play and wait to take profits at the level before or close to the neckline. The number of volumes sold out was enormous. You can see that at the beginning the volume movement is still an uptrend, but later the trend has become a downtrend, and thus is one of the reversal patterns. Triple-Bottom-chart-pattern_investopower.png if you still don\"t understand I ask you to try to study again and again. It\"s not as difficult as you think! If you understand, then come and try. Let\"s talk about triple bottoms. First of all, we need to know what triple bottoms are for. Or tell us something? Some traders may have already imagined it. That it is a pattern that makes the original trend downtrend more likely to turn into an uptrend, yes! In principle, it\"s like this. Originally, the trend of the price was still a downtrend, that is, when the price weakened to the bottom 1 in the figure, there was a buying force to help. This pushed the price to rebound. Because they see that the price at the bottom 1 is cheap, but when the price reaches the top 1, some people say that they want to sell and take profit first because the big trend is still downtrend. This selling force is the pressure. Price has weakened back down to base According to the definition of support as mentioned above. As a result, the price has rebounded from bottom 2 back up one more time Until reaching the peak 2, it was hit again. It rolls down according to the rules. Until reaching the bottom 3, I would like to come back up again, but this time, it should get more interest in helping to buy Because it has fallen 2 times, it\"s not lower than the bottom 1 and the bottom 2, we have to fight! Screenshot-2022-10-25-at-17.25.37-1024x829.jpg If it can break through the base line resistance again, it will gain a lot of reinforcement. The number of volumes traded will increase, confirming that this rise is strong enough. And many are starting to see that this is a pattern of triple bottoms, although there may be some downturn from take profit (short-term take profit). The interval before the neck line compared to the interval Bottom 1 and Bottom 2 Because it is an adaptation in preparation for an uptrend in the form of triple tops or triple bottoms, when forming it can be seen that Volume prices move sideways, see the figure showing triple tops in real volumes.