What is a Triple Bottom?
Triple Bottom Definition:
In Technical Analysis, triple bottom is a bearish reversal chart pattern that is found at the bottom of the downtrend. Here, the security marks three consecutive troughs at the same price level. The three troughs that it makes between them are marked at an equal level as well. A breakout occurs when the price breaks above the line connecting the two peaks. A target is then gauged by projecting the height of the trough from the point of breakout.