Triple Bottom

Triple Bottom
This chart design is as same as the presentation to the bottom part of head and shoulder. In this chart design it consists of three lows, all of them taking place at a similar level. Like the bottom of head and shoulder, triple bottom is also regarded as reversal pattern. The arrival of triple bottom shows existence of the downtrend, which are at present in the procedure of changing into the uptrend and is one among the designs that takes longest for developing fully with the average time of four months. As the Triple bottom is possibly confused with each other, same patterns like double bottom or the bottom of head and shoulder occur infrequently. When the trend gets confirmation, the breakout should be attended by the burst in the volume, although the large number of triple bottoms notices a pullback that follows a breakout resulting in the fallback to the breakout cost.