Triple top and triple bottom
Similarly, the Triple Bottom Reversal market triple bottom also be treated as a neutral pattern until a breakout occurs. This page was last edited on 3 Julyat The third bottom indicates that there's strong support in place and bears may capitulate when the price breaks through resistance levels. Rounding Bottom A rounding bottom is a chart pattern used in technical analysis that is identified by a series of price movements that graphically form the shape of a "U". As far as volume is concerned, the third low bottom should be on low volume and the rally up from that bottom should show a marked increase in activity.
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Volume sometimes increases near the lows. Chart Strategy Technical Analysis: Login Advisor Login Newsletters. Symmetrical Triangle Definition A symmetrical triangle is a chart pattern characterized by two converging trendlines connecting a series of sequential peaks and troughs.