Definition
Triple Bottom shows three failed attempts to break support, indicating strong buying interest at that level. It's more reliable than double bottom due to the additional test. Confirmation comes when price breaks above resistance connecting the peaks.
Formula
Price Target = Resistance + (Resistance - Support)
Example
Price tests $30 support three times, bouncing each time. Breaking above $35 resistance projects a target of $40. The multiple tests strengthen the reversal signal.
FAQ
What is Triple Bottom?
A bullish reversal pattern with three troughs at approximately the same level.
How do you calculate Triple Bottom?
A common formula for Triple Bottom is: Price Target = Resistance + (Resistance - Support)
Why is Triple Bottom important?
Triple Bottom helps investors evaluate chart patterns and make more informed decisions.