Time to long Dia ..$DIA

A triple bottom chart is a bullish reversal pattern in trading that typically indicates a shift in market sentiment from bearish to bullish. Here's what it represents:

Characteristics:

1. Three Lows at Similar Levels: The price reaches a support level three times, forming three distinct lows that are roughly at the same price level.

2. Resistance Breakout: After the third low, the price breaks above a key resistance level (the highest point between the three lows).

3. Volume Increase: A breakout above resistance is often accompanied by increased trading volume, confirming the pattern.

Implications:

Reversal Signal: It suggests that selling pressure is weakening, and buying interest is increasing.

Trend Change: Indicates a potential reversal from a downtrend to an uptrend.

How to Trade:

1. Entry Point: Enter the trade when the price breaks above the resistance level with strong volume.

2. Stop Loss: Place a stop-loss slightly below the support level or the third low.

3. Target Price: Measure the height between the support and resistance levels and project it upward from the breakout point to estimate the profit target.

This pattern is stronger when it appears after a prolonged downtrend and is confirmed by other technical indicators or market conditions.