Triple Bottom Pattern
Learn to recognize and trade a triple bottom pattern through interactive charts.
This blog is reader-supported. Please open a trading account through our links to tip us. Affiliate commissions keep our reviews impartial and ad-free.
What is a triple bottom pattern?
A Triple Bottom pattern is a bullish reversal pattern, which points to an uptrend ahead. As it forms, this pattern may initially look like a double bottom or a rectangle.
- Meta Platforms (META) Triple Bottom stocks
- American Express (AXP) Triple Bottom stocks
- JPYEUR Triple Bottom forex
- GBPUSD Triple Bottom forex
Download our free chart patterns PDF for a guide to 20 classical chart patterns with over 100 interactive charts, also on TradingView.com.
Triple bottom duration
A triple bottom usually forms over 3 to 6 months, a length of time that is typical of major reversals.
Triple bottom characteristics
A triple bottom is characterized by 3 lows, followed by a break above resistance.
- A triple bottom happens after a downtrend.
- A triple bottom is characterized by 3 lows, which act as support. These lows should stand approximately on the same level and be clearly spaced out.
- Price should also find resistance, temporarily, at the neckline which connects the peaks’ highs.
Trading volumes usually decline as the pattern develops, although you may see spikes around the lows. Regardless, it's most important that volumes rise in the final advance. The greater the volume, the more confidence you can have in the pattern’s validity.
Triple bottom trading tips
The pattern completes once the price breaks convincingly above the neckline. It's important that this happens on rising volume, at least 40% greater than average. Some traders wait for a successful re-test of the neckline before opening a long position. This means waiting for confirmation that the neckline now acts as support over several trading sessions.
MT5 Floating - Market Execution
Trade 70+ currency pairs, indices, energies and metals on floating spreads with market execution. ... MoreTrade 70+ currency pairs, indices, energies and metals on floating spreads with market execution. All EAs are allowed.
Trade CFDs on thousands of markets across Forex, crypto-currencies, stocks, indices and commodities... MoreTrade CFDs on thousands of markets across Forex, crypto-currencies, stocks, indices and commodities, on low spreads. Access free educational content, including 30+ courses and webinars.
- $20 deposit
- 1:100 leverage
- pips EUR/USD
- Regulators: Australia, Belarus, Cyprus (EU), Saint Vincent and the Grenadines, Seychelles, UK
Trade 74 currency pairs and CFDs on stocks, oil, metals and crypto with leverage up to 1:500. 4XC ... MoreTrade 74 currency pairs and CFDs on stocks, oil, metals and crypto with leverage up to 1:500. 4XC allows all trading styles and all Expert Advisors on MetaTrader 4 and 5.