Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is a triple bottom pattern?

April 26, 2017Pattern triple

0

Posted

What is a triple bottom pattern?

1 Answer

0

Posted

The triple bottom pattern is a trend reversal pattern. This means it normally occurs at the bottom of a trend and signals that the stock will most likely head up. The triple bottom occurs when a stock that is heading down finds strong support and rallys off of it. It bounces up and down and fails to break this support 3 times in a row. Finally the stock actually breaks higher on strong volume. This is the buy signal.