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Triplebottom

Is COT trading in a giant Bull Flag?Maybe a descending triangle as well, but seeing the recent bullish upward since Goldman Sachs recommended a buy rating from neutral. It actually appears as though COT has formed a Triple Bottom, which also appears slightly as a Ascending Triangle. The triple bottom is similar to the double bottom chart pattern and may also look like ascending or descending triangles. When STZ entered the Cannabis space they used Goldman Sachs to broker the deal. Goldman Sachs went bullish on Cott a in July, and why? Well, we know Goldman Sachs is supportive of cannabis via the previous brokered deal with STZ & Canopy. They'd be privy to any Safe Banking & States Act regulations, so that may simply be the answer, front running Cott's entry into the cannabis space? Cott has sold off several assets over the past couple years & have some cash to spend, and seeing so many previous Cott employees in the Cannabis space leads me to believe they may make a surprise entrance into the sector..
CLong
by ScotianBot
USDCAD Triple bottom at supportPrice has stalled around the 1.31600 level again. As you can see there is strong structural resistance. There are two plays in mind, 1) A break through this resistance line, small retest and continual bearish movement. 2) A rebound from this line, and a bullish momemtum. I have marked a minor trend line on the 15minute chart for a tight entry. Stops for a bullish move could be around the 1.31500 mark. There is divergence on the RSI to support my preferred bullish movement. This has occurred on numerous charts.
by UnknownUnicorn3974120
XRPUSD forecast on H4, possible triple bottom formation !!Note : XRPUSD failed to breakout 0.23400 resistance (link below), now prices has the potential to form triple bottom pattern, wait for breakout !! **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
BITSTAMP:XRPUSDLong
by GWBFX
8
EURUSD buy on H5, possible triple bottom formationPlan : wait for prices to bounce off trendline support --> wait for the rejection candle pattern to form e.g. bullish engulfing , pinbar etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
2
Triple Bottom for TNY?It appears as though $TNY may have formed a triple bottom where I have the red fingers pointing right on the chart. In my previous post linked to this chart I spoke about the descending triangle & potentially testing .335c, clearly visible on this chart we can see .33c is about exactly where a new double bottom was created, and thus potentially creating the third bottom of a triple bottom. We will need to see continued bullish price action next week & break out of this pattern flush to the upside, maybe create a top at 44c & consolidate sideways before continuing, who knows, only time will tell..... The RSI appears to be breaking out of a Bull Flag, and on 5 year & 1 year time frame the RSI is fairly low with lots of room to move to the upside, "if we're looking at a longer term trend reversal." Key Takeaways A triple bottom is a visual pattern that shows the buyers (bulls) taking control of the price action from the sellers (bears). A triple bottom is generally seen as three roughly equal lows bouncing off support followed by the price action breaching resistance. The formation of triple bottom is seen as an opportunity to enter a bullish position.
CSE:TNYLong
by ScotianBot
CLSD - Triple Bottom. Huge Analyst Prediction Clearside Biomedical, Inc. is a clinical stage biopharmaceutical company, which engages in the development of drug therapies to treat blinding diseases of the eye. Its pipeline includes Suprachoroidal CLS-TA, Suprachoroidal, Suprachoroidal CLS-TA, and gene therapy. The company was founded by Samir Kumar Patel, Vladimir Zarnitsyn, Mark Prausnitz, Daniel H. White, and Henry F. Edelhauser in May 2011 and is headquartered in Alpharetta, GA. Average Recommendation: OVERWEIGHT Average Target Price: 5.50 SHORT INTEREST 2.26M 07/15/19 P/E Current -0.48 P/E Ratio (with extraordinary items) -0.72
NASDAQ:CLSDLong
by DEXWireNews