Triple bottom
A triple bottom pattern, the mirror version of triple top pattern, is a bullish chart pattern characterised by three equal lows. There should be an existing downtrend in place before the pattern occurs. The three lows should be roughly equal in price and spaced out from each other. The volume should drop throughout the pattern, indicating that the bears are losing strength while the bullish volume should increase as the price breaks out of the resistance.
When dealing with a triple bottom pattern, you should enter long at the breakout or at the first pullback after the breakout and place stop the loss below the resistance or previous support level.
The target will be the distance from the pattern lows to the resistance projected above the resistance.
