$DOT
A Triple Bottom is a reversal pattern that forms after a downtrend, indicating strong support at a price level and a possible shift toward an uptrend.
🧠 Pattern Confirmation Checklist:
Criteria Status Notes
3 Equal Lows ✅ Clear lows near the same support level (~4.92–4.98)
Neckline ✅ Around the 5.09–5.10 level
Breakout Above Neckline ✅ The price has broken above the neckline, confirming the pattern
Volume Increase ⚠️ Slight increase visible, but a stronger volume breakout would confirm further upside
📈 Measured Move Target
To calculate the target:
Triple Bottom Target = Neckline + (Neckline - Bottom Low)
Neckline: ~5.10
Bottom: ~4.92
Range: 5.10 - 4.92 = 0.18
Target: 5.10 + 0.18 = ~5.28
✅ Your arrow toward the 5.45–5.46 zone is slightly extended, but 5.28–5.35 is a realistic initial target zone.
📊 Key Levels:
Type Price
Support Zone 4.92 – 4.98
Breakout Zone 5.10
Target 1 5.28
Target 2 5.35–5.46
Invalid If Closes below 4.92
🔔 What to Watch Next:
A pullback to 5.10 (neckline) with a bullish candle can be a retest entry.
Volume confirmation: An increase in volume will add strength to the breakout.
Rejection near 5.28–5.35 may lead to consolidation before next breakout.
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