Triple Bottom is a Down Trend Reversal Pattern. Hence the assumption is there already exists a Down Trend. Triple Bottom Pattern can be explained as follows
Similar to the Inverse Head & Shoulder Pattern, there are 3 dips but the only difference is all the dips have same level. This pattern is complete when price rises above the two Highs.
Other Reversal Patterns
Technical Analysis Head & Shoulder Pattern
Technical Analysis Inverse Head & Shoulder
Technical Analysis Triple Top
Technical Analysis Double Top
Technical Analysis Double Bottom
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Technical Analysis Triple Bottom
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