Real-time pattern trading is the easiest way to find entry and exit prices if you can scan hundreds of FOREXs within minutes. It is definitely impossible for humans. Artificial Intelligence (A.I.) not only discovers these patterns, but also checks if they worked out well in the past. Knowing the success rate in the past allows A.I. to establish the odds of success in the future.
The Triple Bottom pattern appears when there are three distinct low points (1, 3, 5) that represent a consistent support level. The security tests the support level over time but eventually breaks resistance and makes a strong move to the upside.
This type of formation happens when sellers can not break the support price, and market participants eventually pour in.
Once the price breaks out from the top pattern boundary, day traders and swing traders should trade with an UP trend. Consider buying a security or a call option at the breakout price level. To identify an exit, compute the target price by adding the pattern’s height (highest price minus the bottom price support level) to the breakout level the highest high. When trading, wait for the confirmation move, which is when the price rises above the breakout level.
To limit potential loss when price suddenly goes in the wrong direction, consider placing a stop order to sell at or below the breakout price.
Time frames No matter your trading strategy (day trading, swing, etc), we have patterns that will be ready to trade.
USDRUB - United States Dollar - Russia Ruble
| STATUS | Emerged |
|---|---|
| CURRENT CONFIDENCE | 55% |
| TARGET (EXIT) PRICE | 77.533073 RUB |
| BREAKOUT (ENTRY) PRICE | 75.463402 RUB |
| DISTANCE TO TARGET PRICE | 5.71% (419.1 pips) |
| EMERGED ON | Mar 12, closing price |
| WITH CONFIDENCE LEVEL | 0% |
USDRUB - United States Dollar - Russia Ruble
| STATUS | Emerged |
|---|---|
| CURRENT CONFIDENCE | 73% |
| TARGET (EXIT) PRICE | 77.533073 RUB |
| BREAKOUT (ENTRY) PRICE | 75.463402 RUB |
| DISTANCE TO TARGET PRICE | 5.71% (419.1 pips) |
| EMERGED ON | Mar 12, closing price |
| WITH CONFIDENCE LEVEL | 0% |
USDRUB - United States Dollar - Russia Ruble
| STATUS | Emerged |
|---|---|
| CURRENT CONFIDENCE | 56% |
| TARGET (EXIT) PRICE | 77.533073 RUB |
| BREAKOUT (ENTRY) PRICE | 75.463402 RUB |
| DISTANCE TO TARGET PRICE | 5.71% (419.1 pips) |
| EMERGED ON | Mar 12, closing price |
| WITH CONFIDENCE LEVEL | 0% |
USDRUB - United States Dollar - Russia Ruble
| STATUS | Emerged |
|---|---|
| CURRENT CONFIDENCE | 56% |
| TARGET (EXIT) PRICE | 77.381767 RUB |
| BREAKOUT (ENTRY) PRICE | 75.387749 RUB |
| DISTANCE TO TARGET PRICE | 5.51% (404.0 pips) |
| EMERGED ON | Mar 12, closing price |
| WITH CONFIDENCE LEVEL | 0% |
USDRUB - United States Dollar - Russia Ruble
| STATUS | Emerged |
|---|---|
| CURRENT CONFIDENCE | 60% |
| TARGET (EXIT) PRICE | 77.339073 RUB |
| BREAKOUT (ENTRY) PRICE | 75.387749 RUB |
| DISTANCE TO TARGET PRICE | 5.45% (399.7 pips) |
| EMERGED ON | Mar 12, closing price |
| WITH CONFIDENCE LEVEL | 0% |
