Triple Bottom

A triple bottom forms when price falls to the same support level three times, with two rallies in between, all failing to break through. The pattern signals exhaustion among sellers — they had three chances to crack support and couldn't. When price finally breaks above the high formed by the two rallies (the neckline), the pattern is confirmed and a sustained uptrend usually follows. Like the triple top, the triple bottom is rarer than its two-touch sibling but generally more reliable. Three successful tests of support build a real floor, and the breakout from that floor tends to attract aggressive buying. The measured move target is the height of the pattern projected up from the neckline breakout. The wider the time horizon, the bigger the eventual rally.