resistance. StockSharphttps://stocksharp.com/handlers/atom.ashx?category=tag&id=resistance&type=communityCopyright @ StockSharp Platform LLC 2010 - 20242024-03-28T10:09:27Zhttps://stocksharp.com/images/logo.pnghttps://stocksharp.com/topic/24129/Reversal Patterns ( Double Tops & Double Bottoms )2022-11-08T10:13:49Z2023-04-27T13:40:43ZPannipahttps://stocksharp.com/users/164332/info@stocksharp.com<div align="center"><a href='https://stocksharp.com/file/135616/screenshot_2-14_jpg/' class='lightview' data-lightview-options="skin: 'mac'" data-lightview-group='mixed'><img src="https://stocksharp.com/file/135616/screenshot_2-14_jpg/?size=500x500" alt="Screenshot_2-14.jpg" title="Screenshot_2-14.jpg" /></a></div><br /><br />💥A double top is a technical chart pattern that occurs when the price of an asset reaches a high point, experiences a temporary decline, and then rallies back to approximately the same high point before reversing its upward trend. The pattern is characterized by two prominent peaks (top 1 and top 2) that are relatively close in price levels, with a trough (bottom point 1) between them.<br /><br />💥The pattern suggests a potential reversal in the upward trend and indicates that there is significant selling pressure near the previous high point (top 1). As the price reaches top 1, selling pressure emerges, causing the price to decline. However, buyers step in at the bottom point 1, creating a temporary rebound.<br /><br />💥When the price attempts to move upward again and reaches top 2, it encounters resistance at or near the previous high (top 1). The level at top 1 acts as a resistance level, where selling pressure becomes strong enough to prevent the price from breaking through and continuing its upward movement. This resistance level often indicates that traders who missed selling at the previous high (top 1) are now selling at the current level (top 2).<br /><br />💥Due to the resistance at top 1, the price fails to surpass it, leading to a subsequent adjustment or reversal. This time, the price may not rebound at the previous support level (uptrend line) as there is more selling pressure than buying pressure. Consequently, the price falls through the uptrend line, confirming the double top pattern and signaling a potential downtrend.<br /><br />💥Traders and analysts pay attention to double tops as they can provide insights into market sentiment and potential trend reversals. It's important to note that technical patterns like double tops are not foolproof indicators, and other factors should be considered in conjunction with these patterns to make informed trading decisions.<br /><br /><div align="center"><a href='https://stocksharp.com/file/135620/double-top-pattern_body_doubletop_png/' class='lightview' data-lightview-options="skin: 'mac'" data-lightview-group='mixed'><img src="https://stocksharp.com/file/135620/double-top-pattern_body_doubletop_png/?size=500x500" alt="double-top-pattern_body_DoubleTop.png" title="double-top-pattern_body_DoubleTop.png" /></a></div><br /><br />💥As traders become aware of the double top pattern and its potential for a trend reversal, they start to take action by selling their positions. This selling pressure results in a significant drain of trading volume. If the baseline (also referred to as the neckline, whichever is more convenient or easier to remember) is unable to withstand the selling pressure, it gives way, leading to another round of selling.<br /><br />💥It is expected that the price will experience a rebound from the baseline, which will be positioned below the baseline at a distance approximately equal to or close to the measurement from the double tops down to the baseline (as shown in the figure). Traders who speculate on the price movement may consider re-entering the market during this time, as they anticipate a potential rebound from the baseline. They are prepared to sell their positions near the baseline because, based on the picture, it can be observed that the price has dropped again below a point on the neckline.<br /><br />💥It's important to note that double tops are a pattern that typically occurs during an uptrend to signal a potential shift towards a downtrend. Traders should keep this in mind when analyzing the pattern and considering their trading strategies.<br /><br />💥💥Remember, while double tops can provide valuable insights, they should be used in conjunction with other technical indicators and analysis tools to make well-informed trading decisions.<br /><br /><div align="center"><a href='https://stocksharp.com/file/135617/85fdc85499ca34e265164f97484ef61b_jpg/' class='lightview' data-lightview-options="skin: 'mac'" data-lightview-group='mixed'><img src="https://stocksharp.com/file/135617/85fdc85499ca34e265164f97484ef61b_jpg/?size=500x500" alt="85fdc85499ca34e265164f97484ef61b.jpg" title="85fdc85499ca34e265164f97484ef61b.jpg" /></a></div><br /><br />💥A double bottom is essentially the inverted version of a double top pattern. Looking at the picture of double bottoms, we can observe that it signifies a reversal of the former downtrend. Once the double bottoms are formed, the subsequent trend that follows is an uptrend (in contrast to the double tops pattern).<br /><br />💥To identify a double bottom pattern, we can note the following characteristics: The price initially declines, forming a low point (bottom 1). It then rebounds, but fails to break the downtrend line. Subsequently, the price moves down again, creating another low point (bottom 2), which is approximately at the same level or close to the previous low. Finally, the price rebounds again and surpasses the downtrend line, indicating a potential shift towards an uptrend.<br /><br />💥Traders can recognize a double bottom pattern by observing the formation of two bases at the bottom (bottom 1 and bottom 2) and the subsequent breakout above the downtrend line. This pattern suggests that the price has reached a support level twice and is now poised to move in an upward direction.<br /><br />💥💥It's important to remember that double bottoms typically occur during a downtrend, and the pattern indicates a potential reversal towards an uptrend. However, as with any technical pattern, it is crucial to consider additional factors and use supporting analysis to confirm and complement the trading decision.<br /><br />💥Overall, the double bottoms pattern provides traders with insights into potential trend reversals and can help guide their trading strategies.https://stocksharp.com/topic/24122/What is Support and Resistance in trading?2022-11-05T15:49:03Z2023-04-25T14:35:21ZPannipahttps://stocksharp.com/users/164332/info@stocksharp.com💥Support and resistance are two important concepts in trading that help traders identify potential price levels where an asset may experience buying or selling pressure.<br /><br />💥Support refers to a price level at which demand for an asset is strong enough to prevent the price from falling further. This level is often seen as a floor, as the price tends to bounce off this level and move higher. Traders use support levels to identify potential buying opportunities or to set stop-loss orders to limit their losses if the price falls below the support level.<br /><br />💥Resistance, on the other hand, refers to a price level at which supply for an asset is strong enough to prevent the price from rising further. This level is often seen as a ceiling, as the price tends to bounce off this level and move lower. Traders use resistance levels to identify potential selling opportunities or to set profit targets if the price breaks above the resistance level.<br /><br />💥Support and resistance levels are not fixed, but rather dynamic and can change over time as market conditions and sentiment shift. Traders use various technical analysis tools and indicators to identify these levels and make trading decisions based on them.<br /><br />💥After considering the movement patterns and time, what traders would like to know next is probably the issue of support and resistance, which can confuse many new traders. However, the principle is simple and can be remembered to apply in practice. The main thing to remember is that support refers to a price level at which demand for an asset is strong enough to prevent the price from falling further, while resistance refers to a price level at which supply for an asset is strong enough to prevent the price from rising further. These levels are dynamic and can change over time, and traders use various technical analysis tools and indicators to identify them and make trading decisions based on them.<br /><br /><div align="center"><a href='https://stocksharp.com/file/135561/h_supresbuysell_000_png/' class='lightview' data-lightview-options="skin: 'mac'" data-lightview-group='mixed'><img src="https://stocksharp.com/file/135561/h_supresbuysell_000_png/?size=500x500" alt="h_SupResBuySell_000.png" title="h_SupResBuySell_000.png" /></a></div><br /><br /><span style="font-size:140%"><span style="color:Blue"> <div align="center"><b>"Support doesn't fall & resistance doesn't go up"<br /><br /> "Resist became a receiver & receive becomes resistance."</b></div></span></span><br /><br /><div align="center"><a href='https://stocksharp.com/file/135563/support-and-resistance-trading_body_supportandresistanceimage_png_full_png/' class='lightview' data-lightview-options="skin: 'mac'" data-lightview-group='mixed'><img src="https://stocksharp.com/file/135563/support-and-resistance-trading_body_supportandresistanceimage_png_full_png/?size=500x500" alt="support-and-resistance-trading_body_Supportandresistanceimage.png.full.png" title="support-and-resistance-trading_body_Supportandresistanceimage.png.full.png" /></a></div><br /><br /><br />💥It sounded like an Inner Strength Technique. But don't just say you didn't know about it first. Because I'm going to explain it to you as follows.💥<br /><br />💥"Support does not fall" means that when the share price weakens to this level, there is buying pressure to support it and drive it back up. The share price has a tendency to rebound from this level. It can also be said that in the past, there was significant demand to buy at this level. Therefore, traders can expect buying pressure to re-enter at this price level, making it a support line. This is similar to the cost price of the first purchase, and subsequent purchases after the market trend changes will be higher than this level.<br /><br />💥"Resistance does not go up" Therefore, traders can expect selling pressure to enter at this price level, making it a resistance line. This is similar to the selling price of the first sale, and subsequent sales after the market trend changes will be lower than this level.<br /><br />💥"Resistance turning into support" is a phenomenon that occurs when a price level that was previously acting as a resistance is broken through and then later becomes a support level. This happens because the demand for the asset was strong enough to overcome the selling pressure at the resistance level, and once the price breaks through, it indicates that there is even more buying pressure. However, over time, the price may start to weaken, and it may retrace back to test the previous resistance level. At this point, the previous resistance level will act as a support level because there was high demand at that price level in the past. Traders can expect buying pressure to re-enter at this price level because it was an area of interest for the buying forces in the past. This is similar to the cost price of the first purchase, and subsequent purchases after the market trend changes will be higher than this level. Therefore, traders can expect the share price to rebound from the resistance level and become a support line.<br /><br />💥“Receive become resistant” you can imagine. That the price can break through the support down means that there must be a lot of selling pressure. Up enough to overcome the buying pressure thus pressured the price to weaken. After some time has passed after the weakening of the price, the price begins to turn up. And there has been a climb up at the same support that has just passed. In this case, the support will become the resistance. The breakthrough in the past There is a very high demand to sell at the support until it wins the buying pressure. Therefore, it is expected that selling pressure is likely to return to collapse at this price level again. Because it is the price level that used to be interested in The past from this group of sales force expectation is The decline from the support level to the resistance level now.https://stocksharp.com/topic/24201/What patterns are the buy signals and sell signals technical analysis of support and resistance for traders to see in the Point-and-Figure diagram?2022-12-04T10:50:42Z2023-04-17T14:19:35ZPannipahttps://stocksharp.com/users/164332/info@stocksharp.com<br /><div align="center"><a href='https://stocksharp.com/file/135953/9eb85c0b550e1877ce51e70db80f52ea--to-read-charts_jpg/' class='lightview' data-lightview-options="skin: 'mac'" data-lightview-group='mixed'><img src="https://stocksharp.com/file/135953/9eb85c0b550e1877ce51e70db80f52ea--to-read-charts_jpg/?size=500x500" alt="9eb85c0b550e1877ce51e70db80f52ea--to-read-charts.jpg" title="9eb85c0b550e1877ce51e70db80f52ea--to-read-charts.jpg" /></a><br /><br /><a href='https://stocksharp.com/file/135955/d0abd6ee-f31c-4e01-95dc-cd03de9f4eae_png/' class='lightview' data-lightview-options="skin: 'mac'" data-lightview-group='mixed'><img src="https://stocksharp.com/file/135955/d0abd6ee-f31c-4e01-95dc-cd03de9f4eae_png/?size=500x500" alt="d0abd6ee-f31c-4e01-95dc-cd03de9f4eae.png" title="d0abd6ee-f31c-4e01-95dc-cd03de9f4eae.png" /></a><br /><br /><a href='https://stocksharp.com/file/135956/b09223ca-7e94-42ac-b1e7-a769735a6b19_png/' class='lightview' data-lightview-options="skin: 'mac'" data-lightview-group='mixed'><img src="https://stocksharp.com/file/135956/b09223ca-7e94-42ac-b1e7-a769735a6b19_png/?size=500x500" alt="b09223ca-7e94-42ac-b1e7-a769735a6b19.png" title="b09223ca-7e94-42ac-b1e7-a769735a6b19.png" /></a><br /><br /><a href='https://stocksharp.com/file/135957/point-figure-chart-explained_jpg/' class='lightview' data-lightview-options="skin: 'mac'" data-lightview-group='mixed'><img src="https://stocksharp.com/file/135957/point-figure-chart-explained_jpg/?size=500x500" alt="Point-Figure-Chart-Explained.jpg" title="Point-Figure-Chart-Explained.jpg" /></a></div><br /><br /><b>In Point-and-Figure charting, traders can look for several buy and sell signals based on support and resistance levels:</b><br /><br /><ol><li>Bullish signal: A buy signal occurs when the price breaks above a resistance level, creating a new column of X's. This indicates that the buyers have gained control and the price is likely to continue to rise.<br /><br /><li>Bearish signal: A sell signal occurs when the price falls below a support level, creating a new column of O's. This indicates that the sellers have gained control and the price is likely to continue to fall.<br /><br /><li>Double top pattern: A sell signal occurs when two consecutive columns of X's reach the same level and fail to break above it. This indicates that the buyers are losing momentum, and a reversal may be imminent.<br /><br /><li>Double bottom pattern: A buy signal occurs when two consecutive columns of O's reach the same level and fail to break below it. This indicates that the sellers are losing momentum, and a reversal may be imminent.<br /><br /><li>Triple top pattern: A sell signal occurs when three consecutive columns of X's reach the same level and fail to break above it. This indicates that the buyers are struggling to push the price higher, and a reversal may be imminent.<br /><br /><li>Triple bottom pattern: A buy signal occurs when three consecutive columns of O's reach the same level and fail to break below it. This indicates that the sellers are struggling to push the price lower, and a reversal may be imminent.<br /></ol><br />👉 Traders can also look for other patterns, such as bullish and bearish flags and wedges, which can provide additional buy and sell signals. However, it's important to note that no single pattern can guarantee success, and traders should use other technical analysis tools and risk management strategies to make informed trading decisions.<br /><br />💥In this section, we will delve deeper into the patterns of buy and sell signals that can be observed in the Point-and-Figure diagram. There are many patterns that traders use for technical analysis, but we will focus on two examples: the buy signal on the breakout of a triple top and the sell signal on the downside breakout below a bullish support line.<br /><br />💥Understanding the principles behind buying or selling signals makes it easy for traders to recognize any pattern formation. In the case of a buy signal, a breakout of resistance occurs after the third peak. Breaking through resistance, according to the principles of support and resistance, indicates a buy signal. The next question is how to identify resistance. The answer lies in the peak of the last two X signals, which turn into O signals indicating selling pressure greater than buying pressure, hence forming a resistance line. When the X signal crosses above, it indicates that demand outstrips supply, resulting in the price rising and a buy signal being generated.<br /><br />💥On the other hand, the sell signal occurs when the price breaks the support line on the downside, indicating that selling pressure is greater than the support along the trend line or that there is an oversupply, which inevitably leads to a price drop. Traders who used to buy along the trend line are unable to continue buying, due to the increase in selling pressure, which triggers further selling. Thus, a sell signal is generated.<br /><br />💥However, it is important to note that the breakout point may not always result in an immediate buy or sell signal. Moreover, it is said that the ascending triple top gives the most reliable buy signal, while the breakout of the triple bottom gives the most reliable sell signal. But the level of trust in these signals may vary from trader to trader, and it is ultimately up to each trader to determine their own level of confidence in these patterns.https://stocksharp.com/topic/24183/ Let's get to know Runaway Gap and see what signals this gap gives traders2022-11-26T10:18:37Z2023-04-17T10:16:44ZPannipahttps://stocksharp.com/users/164332/info@stocksharp.com<div align="center"><a href='https://stocksharp.com/file/135886/image6482019_jpg/' class='lightview' data-lightview-options="skin: 'mac'" data-lightview-group='mixed'><img src="https://stocksharp.com/file/135886/image6482019_jpg/?size=500x500" alt="Image6482019.jpg" title="Image6482019.jpg" /></a></div><br /><br />💥A runaway gap, also known as a measuring gap or continuation gap, is a type of gap that occurs in the middle of a trend. It is usually seen as a signal that the current trend is likely to continue, as opposed to a reversal.<br /><br />💥A runaway gap occurs when the price moves rapidly in the direction of the trend and leaves a gap in the price chart. The gap represents a period of strong momentum and can be seen as a sign of investor enthusiasm. Runaway gaps can be formed during an uptrend or a downtrend and can occur in any market, including stocks, commodities, and forex.<br /><br />💥Traders often use runaway gaps as a signal of a continuation of the trend, and may use it as an opportunity to enter or add to a position in the direction of the trend. For example, in an uptrend, a trader may look for a runaway gap as an indication of a strong upward momentum and may buy the stock to take advantage of the potential upside.<br /><br />💥It's important to note that like all technical indicators, runaway gaps are not always reliable and can be subject to false signals. It's essential to use other technical indicators and analysis to confirm trading decisions and avoid false breakouts. Additionally, managing risk and setting stop-loss orders can help limit potential losses in case the trade goes against the expected trend.<br /><br /><div align="center"><a href='https://stocksharp.com/file/135887/runaway-gap-chart_jpg/' class='lightview' data-lightview-options="skin: 'mac'" data-lightview-group='mixed'><img src="https://stocksharp.com/file/135887/runaway-gap-chart_jpg/?size=500x500" alt="runaway-gap-chart.jpg" title="runaway-gap-chart.jpg" /></a></div><br /><br />💥The definition of a runaway gap helps technical analysts remember that "how much it has come, it will double further." This is because a runaway gap occurs in the middle of a trend. For example, if the price has moved up from €100 (after a breakaway gap) and continued up to a second gap (runaway gap) around €150, it can be predicted that the price target or resistance will be around €50 after the runaway gap or around €200, as the runaway gap is used as a measuring tool for distance in the trend.<br /><br />💥In a runaway gap situation, it is said that only normal volume can easily move the market. In an uptrend, this means that the market can continue to move up after the gap. However, in a downtrend, the market will undoubtedly go down.<br /><br />💥Like a breakaway gap, a runaway gap can also act as support and resistance, but it should be noted that if it is a real signal, the gap should not be closed. This means that the price should not move down to close the gap in the coming days in an uptrend. When the gap is closed, it could signal a reversal, causing traders to sell instead of buy.https://stocksharp.com/topic/24150/Continuous Patterns (Ascending Triangle)2022-11-14T09:25:53Z2023-04-13T15:00:10ZPannipahttps://stocksharp.com/users/164332/info@stocksharp.com💥An ascending triangle is a type of pattern that can be found in technical analysis. It is formed when the price of an asset moves within a converging range, with a horizontal resistance line at the top and an upward-sloping trend line at the bottom. This pattern is a bullish continuation pattern, which means that it is likely to result in the continuation of an existing uptrend once the pattern is broken.<br /><br />💥To identify an ascending triangle pattern, traders look for a horizontal resistance line and an upward-sloping trend line that connects at least two lows. The resistance line should be roughly flat, while the trend line should slope upwards. These lines should converge towards a point.<br /><br />💥Traders often look for a breakout above the resistance line to confirm the pattern, as this indicates that buyers have gained enough momentum to push the price above the resistance level. They may also use other technical indicators and analysis to confirm the direction of the breakout and determine potential entry and exit points for trades.<br /><br />💥Once the price breaks out of the ascending triangle pattern, it is likely to continue moving upwards, with a potential price target equal to the height of the pattern added to the breakout point. However, if the price fails to break out and instead falls below the upward-sloping trend line, the pattern is considered to be invalidated.<br /><br /><div align="center"><a href='https://stocksharp.com/file/135689/ascending-triangle-pattern_png/' class='lightview' data-lightview-options="skin: 'mac'" data-lightview-group='mixed'><img src="https://stocksharp.com/file/135689/ascending-triangle-pattern_png/?size=500x500" alt="ascending-triangle-Pattern.png" title="ascending-triangle-Pattern.png" /></a></div><br /><br />💥In the Ascending Triangle pattern (see picture), you can observe that it is similar to the triple tops pattern, but with a difference. During the formation of the Ascending Triangle pattern, the lower highs are higher than the previous lower highs, for example, 3 is higher than 2, and 2 is higher than 1 (while in triple tops, the lower highs are approximately at the same level with each other). This can help analyze whether the price is likely to continue moving up and how much it will move up after breaking through the resistance level.<br /><br /><div align="center"><a href='https://stocksharp.com/file/135690/ascending-triangle-chart-1024x511_jpeg/' class='lightview' data-lightview-options="skin: 'mac'" data-lightview-group='mixed'><img src="https://stocksharp.com/file/135690/ascending-triangle-chart-1024x511_jpeg/?size=500x500" alt="Ascending-Triangle-Chart-1024x511.jpeg" title="Ascending-Triangle-Chart-1024x511.jpeg" /></a></div><br /><br /><div align="center"><a href='https://stocksharp.com/file/135691/ifcm_patterns_triangle_ascending_png/' class='lightview' data-lightview-options="skin: 'mac'" data-lightview-group='mixed'><img src="https://stocksharp.com/file/135691/ifcm_patterns_triangle_ascending_png/?size=500x500" alt="IFCM_patterns_triangle_ascending.png" title="IFCM_patterns_triangle_ascending.png" /></a></div><br /><br />💥Based on technical analysis principles, it can be analyzed that the price is likely to move up to a distance equal to or close to the distance measured from point A to the resistance level. Therefore, those waiting to sell should be prepared to take profits at that level. When the price drops, it can be bought (if it does not go down much until it changes the trend in the form of reversal patterns) because the adjustment is a minor correction in a big uptrend.<br /><br />💥In the example above, both pictures show that the SET index formed an Ascending Triangle pattern at some point, which allowed it to maintain its original uptrend. Before the Ascending Triangle formed, the SET index was already moving up. After the pattern formed, the SET index continued its uptrend.<br /><br />💥In the first example image, the principle of finding price targets was applied when the price was able to break through the horizontal resistance line of the Ascending Triangle pattern. It can be observed that the share price adjusted and fluctuated somewhat along the predicted line, which means that there will be short-term profits. However, for this case, short-term profitability cannot stop the determination or strength of the SET index, as it continues to climb up unceasingly. Those who sold in haste will rush back to buy back in order to continue being in the market.https://stocksharp.com/topic/24127/Reversal Patterns (Triple Tops & Triple Bottoms)2022-11-07T16:14:42Z2023-04-13T10:41:19ZPannipahttps://stocksharp.com/users/164332/info@stocksharp.com💥Triple Tops and Triple Bottoms are reversal patterns that appear on price charts. They occur when the price of an asset creates three consecutive peaks or troughs at approximately the same level. Triple tops occur during an uptrend, indicating a possible trend reversal, while triple bottoms occur during a downtrend, signaling a potential shift in trend direction.<br /><br />💥In a triple top pattern, the first peak represents a resistance level that the price is unable to break through, causing it to decline to a support level. The second peak shows a renewed attempt to break through the resistance level but is again rejected, leading to another decline to the support level. Finally, the third peak fails to surpass the resistance level, and the price declines below the support level, signaling a potential downtrend.<br /><br />💥In a triple bottom pattern, the first trough represents a support level that the price cannot break through, causing it to rise to a resistance level. The second trough shows a renewed attempt to break through the support level, but it is again rejected, leading to another rise to the resistance level. Finally, the third trough surpasses the support level, and the price rises above the resistance level, signaling a potential uptrend.<br /><br />💥Traders usually confirm the pattern by looking at the trading volumes during each peak or trough. Higher trading volumes at the peaks and troughs indicate stronger support and resistance levels. The neckline, which connects the peaks or troughs, is also essential. A break below the neckline in a triple top pattern or above the neckline in a triple bottom pattern confirms the pattern, and traders may initiate trades based on the anticipated trend reversal.<br /><br /><div align="center"><a href='https://stocksharp.com/file/135606/20210623114822-triple-tops-bottoms-1999_jpg/' class='lightview' data-lightview-options="skin: 'mac'" data-lightview-group='mixed'><img src="https://stocksharp.com/file/135606/20210623114822-triple-tops-bottoms-1999_jpg/?size=500x500" alt="20210623114822-triple-tops-bottoms-1999.jpg" title="20210623114822-triple-tops-bottoms-1999.jpg" /></a></div><br /><br />💥Let's discuss triple tops first. Broadly speaking, it refers to when the volume price tries to break through a horizontal resistance but fails to do so, resulting in a subsequent correction. It may be difficult to understand this concept just by listening to it. Therefore, let's try to delve deeper and look at some visuals.<br /><br /><br /><div align="center"><a href='https://stocksharp.com/file/135607/chartpattern1b_jpg/' class='lightview' data-lightview-options="skin: 'mac'" data-lightview-group='mixed'><img src="https://stocksharp.com/file/135607/chartpattern1b_jpg/?size=500x500" alt="chartpattern1b.jpg" title="chartpattern1b.jpg" /></a></div><br /><br /><br />💥In the figure above, let's say the price is moving up and reaches the top 1. Then, there is a sell-off that causes a decline to the bottom 1. However, the trading volume during the bottom 1 is still not significant because everyone thinks it is a minor correction in a major uptrend. They want to buy, and the price continues to rise until it reaches close to top 1 again. Traders have confidence that it will continue to move in an uptrend, and the trading volume during this period is quite large.<br /><br /><br /><div align="center"><a href='https://stocksharp.com/file/135608/st-template-4_png/' class='lightview' data-lightview-options="skin: 'mac'" data-lightview-group='mixed'><img src="https://stocksharp.com/file/135608/st-template-4_png/?size=500x500" alt="ST-TEMPLATE-4.png" title="ST-TEMPLATE-4.png" /></a></div><br /><br /><br />💥As mentioned above regarding the meaning of resistance, the price moved down from the second top and continued to flow down to the second bottom, which is a support line. Traders' expectations remain that there may be a rebound. Therefore, during the second bottom line, the volumes appearing are less than during recent uptrends because there is still a concern that after selling, it cannot be repurchased (bought back at a higher price than it was sold). However, when it comes to actually moving up to the third top, some traders are starting to worry because it has failed to pass through it twice before. Therefore, they do 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 third top, it is quite brittle. A downward adjustment is likely to occur. It can be seen that the price attempted to break the horizontal resistance three times (triple) but still failed to pass through.<br /><br /><br />💥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 & 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 the profit that will occur after.<br /><br />💥The question is, will you stop playing at all? The answer is no! But you 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 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 it is one of the reversal patterns.<br /><br /><div align="center"><a href='https://stocksharp.com/file/135609/triple-bottom-chart-pattern_investopower_png/' class='lightview' data-lightview-options="skin: 'mac'" data-lightview-group='mixed'><img src="https://stocksharp.com/file/135609/triple-bottom-chart-pattern_investopower_png/?size=500x500" alt="Triple-Bottom-chart-pattern_investopower.png" title="Triple-Bottom-chart-pattern_investopower.png" /></a></div><br /><br /><br />💥If you still don't understand, I encourage you to study the concept again and again. It's not as difficult as you may think! For those who understand, let's move on to discussing triple bottoms. Firstly, we need to understand what triple bottoms are used for. Can you guess? Some traders may have already figured it out. It is a pattern that increases the likelihood of a downtrend turning into an uptrend.<br /><br />💥Initially, the price trend was still in a downtrend. When the price hit bottom 1 in the chart, buying pressure pushed the price back up. Buyers saw the price at bottom 1 as cheap. However, when the price reached top 1, some people decided to sell and take profit because the overall trend was still in a downtrend. This selling pressure caused the price to fall back down to the base, as defined by the support line mentioned earlier.<br /><br />💥The price then rebounded from bottom 2 and continued to rise until it reached peak 2. However, it was hit again and began to fall once more until it reached bottom 3. This time, there should be more buying interest as the price had fallen twice before but did not go lower than the previous two bottoms (bottom 1 and bottom 2). Buyers had to fight to push the price back up.<br /><br /><div align="center"><a href='https://stocksharp.com/file/135610/screenshot-2022-10-25-at-17_25_37-1024x829_jpg/' class='lightview' data-lightview-options="skin: 'mac'" data-lightview-group='mixed'><img src="https://stocksharp.com/file/135610/screenshot-2022-10-25-at-17_25_37-1024x829_jpg/?size=500x500" alt="Screenshot-2022-10-25-at-17.25.37-1024x829.jpg" title="Screenshot-2022-10-25-at-17.25.37-1024x829.jpg" /></a></div><br /><br />💥If the price can break through the base line resistance again, it will gain a lot of reinforcement. The number of traded volumes will increase, confirming that this rise is strong enough. Many are starting to see that this is a pattern of triple bottoms, although there may be some downturn from short-term take profit. The distance before the neckline compared to the distance between Bottom 1 and Bottom 2 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 and prices move sideways, as shown in the figure depicting triple tops in real volumes.