Reversal patterns
Triple bottom
Usually bullish
Three holds at approximately the same support, with a shared resistance above.
What a triple bottom tells you
Three defended tests of a floor while the highs stay flat is a base. The breakout above the shared resistance is the confirmation.
Why it forms
Sellers repeatedly fail to break the level; each failure reduces the pool of people still willing to sell there.
How traders enter it
Entry on the close above the shared resistance, objective one pattern height up.
How it fails
Bases can take much longer to resolve than a trader expects, and capital sits idle. A break that closes back inside the base within two candles is a failed breakout.
That last section is the one worth rereading. A pattern is only useful because it comes with a level that proves you wrong — without one you have a shape and a hope.
People also ask
Is a triple bottom bullish or bearish?
A triple bottom is usually read as bullish, but only once it confirms. Before the confirming break it is a shape, and shapes fail. Context decides more than the label does.
How do you trade a triple bottom?
Entry on the close above the shared resistance, objective one pattern height up.
When does a triple bottom fail?
Bases can take much longer to resolve than a trader expects, and capital sits idle. A break that closes back inside the base within two candles is a failed breakout.
Can ChartLens spot a triple bottom for me?
Yes. Photograph or screenshot any chart and ChartLens names the pattern if it is clearly formed, with a confidence level and whether it is forming, confirmed or failed — and says nothing if it is not there.
Last updated .