Triple Bottom
BullishReliability: MediumAlso called · three touches, triple base
Price holds three times at the same level. Supply is absorbed more convincingly than in a double bottom.
How to spot it
- The three lows are close to horizontal
- More touches means more force behind the eventual breakout
Why this shape forms
Three knocks at the same floor and three rejections. One more confirmation than a double bottom, so the support has thicker evidence behind it.
Where it actually means something
It forms while a long decline is basing out. The cost is time: waiting for a third touch means you often miss the first leg up.
What else to check
Look for a close above the line joining the three highs, with volume. Better still is watching that line flip to support afterwards.
This means you're wrong
Losing the third low. Support that has been tested repeatedly tends to break hard.
The mistake beginners make
Reading "it held three times, so it's safe". It can equally mean buying is exhausted.
Easy to confuse with
Hard to separate from a range. If the top keeps capping it, call it a range. If the lows hold while the highs creep up, it leans triple bottom.
Real examples from the community
Patterns are probabilistic tendencies, not guarantees. This is not investment advice.