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

Could Oracle Become the Next Microsoft?

JPMorgan Chase Faces Investor Disappointment Despite Strong Q1 Performance

Netflix Crushes Subscriber Targets but Misses on Revenue Forecast