Triple Bottom
Three tests of the same support level that all hold, signalling firm demand and a likely bullish breakout above the intervening peaks.
A Triple Bottom forms when price tests the same support zone three times without breaking lower. Each failed breakdown strengthens the case that buyers are absorbing supply at that level.
Confirmation arrives on a close above the highest peak between the three troughs. The measured target equals the pattern height projected upward from the breakout.
Related Terms
Double Bottom
Two consecutive troughs at approximately the same price level, forming a "W" shape, signalling support and potential upside reversal.
BeginnerInverse Head and Shoulders
A three-trough reversal pattern at a downtrend bottom: the middle trough is deepest, flanked by two shallower troughs, signalling a trend floor.
BeginnerReversal Pattern
Any pattern that signals a change in the prevailing trend direction — Head and Shoulders, Double Tops/Bottoms, and wedges at extremes are classic examples.
BeginnerTriple Top
Three failed tests of the same resistance level, indicating sellers are firmly in control and a bearish breakdown is likely.
Beginner