Triple Bottom
A bullish reversal pattern where price hits roughly the same low three times and fails to break lower.
In plain English
A bullish reversal pattern where price hits roughly the same low three times and fails to break lower.
A triple bottom is a floor tested three times. Price falls to a level, bounces, falls back, bounces, falls back a third time and bounces again. Sellers had three goes at breaking through and failed each time.
It is confirmed when price breaks above the highs between the bounces. It is the big sibling of the double bottom and the mirror image of the triple top.
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