The Triple Bottom
The Triple Bottom stock pattern is a reversal pattern made up of three equal lows followed by a breakout above resistance.
While this pattern can form over just a few months, it is usually a long-term pattern that covers many months. Because of its long-term nature, weekly charts can be best suited for analysis.
Chart by MetaStock
As the triple-bottom develops, it can start to resemble a number of patterns. Before the third low forms, the pattern may look like a double bottom.
The triple-bottom should also be treated as a neutral pattern until a breakout occurs.
For further in-depth information on stock market charts and stock chart patterns, check out this resource, which contains critical information to help you learn to use stock charts and technical indicators in a clear, simple and concise manner to improve your stock trading entries and exits.
The following are key points in confirming the triple-bottom pattern:
When looking for triple-bottom patterns, it is important to keep in mind that technical analysis is more art and less science.
If you are looking for the perfect pattern, it may be a long time coming.
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