Triple Bottom

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Dictionary Says

Definition of 'Triple Bottom'

A pattern used in technical analysis to predict the reversal of a prolonged downtrend. The pattern is identified when the price of an asset creates three troughs at nearly the same price level. The third bounce off the support is an indication that buying interest (demand) is outweighing selling interest (supply) and that the trend is in the process of reversing.

Triple Bottom
Investopedia Says

Investopedia explains 'Triple Bottom'

Once the first bottom is created, the price reaches a peak and retraces back toward the prior support. This is when buyers enter again and push the price of the asset higher, creating bottom No.2. The price of the asset then creates another peak and heads lower for its final test of the support. The final bounce off the support level creates bottom No.3 and traders will get ready to enter a long position once the price breaks above the previous resistance (illustrated by the black line on the chart). This pattern is considered to be a very reliable indication that the downtrend has reversed and that the new trend is in the upward direction.
Search results for

'Triple Bottom'

  • Analyzing Chart Patterns: Triple Tops And Bottoms | Investopedia

    http://www.investopedia.com/university/charts/charts9.asp
    ... By Chad Langager and Casey Murphy, senior analyst of ChartAdvisor.com The triple
    top and triple bottom are reversal patterns that are formulated when a ...

  • How To Interpret Technical Analysis Price Patterns: Triple Tops ...

    http://www.investopedia.com/articles/technical/02/012102.asp
    ... the triple tops and bottoms bear a resemblance to the cursive “M” or “W”: three
    pushes up (in a triple top) or three pushes down (for a triple bottom). ...

  • Testing Point-And-Figure Patterns

    http://www.investopedia.com/articles/trading/07/point-figure.asp
    ... On the other hand, the triple bottom sell signal results from a column of Os falling
    below two previous columns of Os (as seen in Figure 2). These patterns ...

  • Ethical Investing: A Niche Style Gains Popularity | Investopedia

    http://www.investopedia.com/university/ethical-investing/ethical-investing2.asp
    ... investing; others include morally responsible investing, impact investing, mission
    investing, sustainable investing and triple bottom line investing (the ...

  • Triple Screen Trading System - Part 5

    http://www.investopedia.com/articles/trading/03/061103.asp
    ... when using the MACD histogram as the first screen of the triple screen trading ... of
    detail to this analysis, how the shape of stochastic's bottom can indicate ...

  • Triple Screen Trading System - Part 4

    http://www.investopedia.com/articles/trading/03/052803.asp
    ... When bear power moves up from this second bottom, you can comfortably buy a ... Analysis.)
    Shorting Elder-Ray as the second screen in the triple screen trading ...

  • Analyzing Chart Patterns: Conclusion | Investopedia

    http://www.investopedia.com/university/charts/charts11.asp
    ... A triple bottom is a reversal pattern formed when a security attempts to move
    below an area of support three times but fails to do so. ...

  • Triple Screen Trading System - Part 6

    http://www.investopedia.com/articles/trading/03/062503.asp
    ... a four- to five-day range of prices to work effectively with the triple screen trading ...
    of their power and they are able to close prices at the bottom of the ...

  • 5 Triple-Threat Performers - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0112/5-Triple-Threat-Performers.aspx
    ... The Bottom Line Triple threat performers don't come along every day, but when they
    do, they can clean up in sales and sing, dance and act all the way to the ...

  • The Risks Of Triple-Leveraged ETFs

    http://stocks.investopedia.com/stock-analysis/2008/The-Risks-Of-Triple-Leveraged-ETFs-BGU-BGZ-TNA-TZA1119.aspx
    ... Bottom Line The new triple-levered ETFs launched by Direxion last week offer great
    trading opportunities, but are not for the faint of heart due to the extreme ...

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