Skip to main content

Triple Bottom

A triple bottom is a bullish technical pattern that consists of three near-identical lows followed by a breakout above the resistance level. Typically a triple bottom is used in technical analysis to predict the reversal in the movement of an asset's price, in this case bullish. However, in addition to price holding above the breakout level, increased volume activity is also needed to validate that a bullish reversal is, in fact, happening.

Popular posts from this blog

Domino’s Misses on Profit But Serves Up Strong Sales and Market Share Gains

Baidu Earnings Show Advertising Slump, AI Cloud Offers Bright Spot

Palantir Faces Harsh Valuation Reality as AI Hype Meets Market Rotation