what is a triple bottom 
a triple bottom is a bullish chart pattern used in technical analysis that s characterized by three equal lows followed by a breakout above the resistance level understanding a triple bottomthe triple bottom chart pattern typically follows a prolonged downtrend where bears are in control of the market while the first bottom could simply be normal price movement the second bottom is indicative of the bulls gaining momentum and preparing for a possible reversal the third bottom indicates that there s strong support in place and bears may capitulate when the price breaks through resistance levels there are a few rules that are commonly used to qualify triple bottoms 