TRIPLE BOTTOM
Triple bottom is a bullish chart pattern used in technical analysis that is characterized by three equal lows followed by a breakout above resistance.
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Technical analysis is the study of past market data, primarily price and volume, to forecast future price movements. In trading, technical analysis uses charts, indicators, and patterns to identify trends and make buy or sell decisions. Traders rely on technical tools like moving averages, RSI, MACD, and Fibonacci retracements to assess market sentiment and determine the best entry and exit points. Technical analysis is essential for short-term and intraday trading, helping traders spot opportunities and manage risk effectively.