Throughout the years of my trading career I have learned NOT to trust all the common and popular technical patterns, as I found them to be not only unreliable, but also highly deceptive.
That's exactly the case with the famous Tripple bottom / Tripple top reversal pattern. However, There is one important exception that I always look for when it comes to these basic technical patterns.
Once I realize that such a basic pattern happens to interact with one of the C-Matrix key levels, only then I know that I am looking at a powerful technical situation and highly probable trading opportunity.
In-fact, the very interaction between the pattern and the key level is what makes the basic pattern to become exceptionally relaiable, which obviously leads to a better decision making process.
About a week ago I have noticed a very interesting Tripple Bottom reversal pattern that was starting to form on the Dollar_Index. The reason I got so interested about it was because of the interaction it was clearly having with the important C-Matrix top key level.
Needless to say, The Chart Wizard members were immediately notified, so they could take full advantage of the situation. Check it out.
