What is Triple Bottom ?

The triple bottom pattern is a bullish reversal pattern observed in financial markets, particularly in stock trading. It is characterized by three consecutive troughs or lows forming near a similar support level. This support level acts as a floor, preventing the price from declining further and indicating potential exhaustion of the downward trend.

As the price approaches the support level for the third time, traders closely watch for signs of strength and a potential reversal. Typically, the trading volume decreases during the formation of the pattern, suggesting a lack of selling pressure and diminishing bearish momentum. This declining volume further supports the possibility of a trend reversal.

The three troughs, also known as swing lows,

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