OTTV - Is exactly in the 3-6 month range and the bearish decline causing us to hit the double and now triple bottom is being manipulated on low volume. IMO get ready for a massive run up!
http://stockcharts.com/school/doku.php?id=cha...m_reversal
Quote:The Triple Bottom Reversal is a bullish reversal pattern typically found on bar charts, line charts and candlestick charts. There are three equal lows followed by a break above resistance. As major reversal patterns, these patterns usually form over a 3 to 6 month period. Note that a Triple Bottom Reversal on a bar or line chart is completely different from Triple Bottom Breakdown on a P&F chart. Namely, Triple Bottom Breakouts on P&F charts are bearish patterns that mark a downside support break. We will first examine the individual parts of the pattern and then look at an example.
http://stockcharts.com/school/doku.php?id=cha...m_reversal
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There is a VERY HIGH degree of RISK involved in trading and investing. Only invest what you can afford to lose.
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All references to "My", "I", and “The writer of the above post” shall refer to the creator.
Do NOT invest unless you are prepared to sustain a total loss of the money you have invested plus any commission or other transaction charges.
There is a very high degree of risk involved in trading and investing. Past results are not indicative of future returns. I assume no responsibility for your trading and investment results. You should NOT rely on the information in the above post to make any decision or take any action.
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