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Triple bottom

Three failed attempts at roughly the same low, completed on a close above the highs that separate them.

The mirror of triple-top. Three tests of support that hold, followed by a break upward through the pattern's ceiling.

In practice a triple bottom is usually just a trading-range with a flat floor, and its label depends entirely on how it resolves. Treating it as a rectangle-pattern and trading the resolution is more honest than predicting the outcome from the shape.

The base-building version, where each rally off the low goes a little higher while the lows stay level, is generally considered more constructive than three identical bounces, because it shows buyers willing to pay up sooner each time.

Related: triple-top, double-bottom, support, rectangle-pattern, accumulation

See it drawn

Original diagrams for the ideas on this page. Illustrative, not real market data.

Support, resistance and the flip between themA price path bouncing three times off a horizontal support line and turning back three times at a resistance line, then breaking above it and settling back onto the same level.RESISTANCESUPPORT62.0056.00breaks aboveold resistance,now supportIllustrative price path: the level stays the same, its role changes.
Support, resistance and the flip. Support is a price where buyers keep stepping in and the fall stops; resistance is a price where sellers keep stepping in and the rise stops. Once price closes above an old ceiling, that same level often acts as the new floor.

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