A triple bottom chart pattern is a bullish reversal pattern that forms on a price chart of a currency pair. It is characterized by three consecutive lows that occur at approximately the same price level.
After the third low, the price typically rises above the previous highs, signaling a potential bullish reversal.
Traders and analysts look for triple bottom patterns as they can indicate that selling pressure has become exhausted, and buyers may soon take control of the asset’s price. This may lead to an increase in buying interest and, as a result, a rise in the price.