Triple Bottom (Reversal) - ChartSchool - StockCharts

Triple Bottom (Reversal) - ChartSchool - StockCharts -...

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18/2/2014 Triple Bottom (Reversal) - ChartSchool - StockCharts.com 1/3 StockCharts.com - ChartSchool Learn more about Technical Analysis and Charting Terminology You are here: StockCharts.com » ChartSchool » Chart Analysis » Chart Patterns » Triple Bottom (Reversal) Advertisement Triple Bottom (Reversal) The Triple Bottom Reversal is a bullish reversal pattern typically found on bar charts, line charts and candlestick charts. There are three equal lows followed by a break above resistance . As major reversal patterns, these patterns usually form over a 3 to 6 month period. Note that a Triple Bottom Reversal on a bar or line chart is completely different from Triple Bottom Breakdown on a P&F chart. Namely, Triple Bottom Breakouts on P&F charts are bearish patterns that mark a downside support break. We will first examine the individual parts of the pattern and then look at an example. 1. Prior Trend: With any reversal pattern, there should be an existing trend to reverse. In the case of the Triple Bottom Reversal, a clear downtrend should precede the formation. 2. Three Lows: All three lows should be reasonable equal, well spaced and mark significant turning points.
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  • Spring '12
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