Triple bottom and triple top patterns are technical analysis chart patterns that traders use to identify potential reversal points in the market.

Triple bottom pattern is a bullish pattern that occurs when the price of an asset has declined to a support level three times and failed to break below it. Each time the price reaches the support level, it bounces back up, creating a "W" shape on the chart. This pattern suggests that the market has reached a bottom and is likely to reverse higher. Traders often use this pattern as a signal to buy the asset.

On the other hand, a triple top pattern is a bearish pattern that occurs when the price of an asset has risen to a resistance level three times and failed to break above it. Each time the price reaches the resistance level, it falls back down, creating an "M" shape on the chart. This pattern suggests that the market has reached a top and is likely to reverse lower. Traders often use this pattern as a signal to sell the asset.

It's important to note that the triple bottom and triple top patterns are not always reliable and should be confirmed with other technical indicators and analysis before making a trading decision. Additionally, the support and resistance levels should be carefully identified and validated to ensure the pattern is valid.