Triple Bottom

A triple bottom pattern shows 3 different small lows at around the similar amount. The triple bottom is regarded to be a difference of the head and shoulders bottom. Like that pattern, the triple bottom is a reversal pattern.

The only option which distinguishes a triple bottom from a head and shoulders bottom is the lack of a “head” between the two shoulders. The triple bottom shows a downtrend in the procedure of becoming an uptrend. It is, therefore, vital to the validity of the pattern that it commence with prices moving in a downtrend.

#RichardTeng #dydx #Blast $BTC $BNB $SOL