A triple bottom is a bullish reversal pattern that is found at the bottom of a downtrend. Here, the security marks three consecutive troughs at the same price level. The two peaks that it makes in between them are marked at an equal level as well. An upside breakout occurs when the price moves above the line connecting the two peaks. A target is then gauged by projecting the height of the peak from the point of breakdown.
Stocks | Forex | Commodities
