The triple bottom is a chart pattern reversal consisted of three equal minimum followed by a break above a resistance defined. It is a long-term pattern that usually take a long time to form. Here are the main characteristics of this pattern: the previous trend: Once again, as in any reversal pattern, there should be an identifiable trend that predates the advent of triple bottom. This trend should be a downtrend or a long range market. Three minimum: The minimum marks the bottom of the pattern …
