Visual Guide to Chart Patterns

Triple Bottoms

Now that we have trained ourselves to find two bottoms that line up at the same price, let us look for triplets: three bottoms in a row. It is as easy as it sounds, except that triple bottoms are sometimes confused with head-and-shoulders bottoms. Maybe it is not so easy…

Triple bottoms are considerably rarer than double bottoms, but the technique used to find them is the same. Find a double bottom and then look to the left and right to see if a third bottom exists at the same price.

KEY POINT:

Triple bottoms are three valleys that bottom near the same price. The chart pattern acts as a bullish reversal of the downward price ...