Trends/Reversal patterns

Triple bottom

Price falls to about the same low three times and fails each time, with a flat line over the bounces.

Reversal patternsBest on 6M, 1Y, 3YAlso called three lows

Illustration of the triple bottom shape. It is a sketch, not real price data.

What it shows

A triple bottom has three lows at about the same price and two bounces between them. A line through the highs of the bounces is the neckline.

The pattern is complete only when price closes above the neckline.

How we find it

The same code that draws it on your chart follows these steps, with the same result every time.

Find three swing lows within 3% of each other, with at least 10 bars between each.
Draw the neckline through the highest swing high between the lows.
Mark complete when a close rises above the neckline by more than the margin.

Starting values: Low match within 3%; Minimum bars between lows 10; Margin 1.0%. These are proposed and will be tuned on real price data before launch.

How to read it

Teal dots are the three lows.
The blue line is the neckline.
Each held low shows buyers appearing at the same price.

Status labels you may see

Label	What it means
Forming	Three lows, neckline not broken.
Testing the neckline	Within 2% below it.
Neckline broken	Close above the neckline.

What cancels it

A close below the lowest of the three lows.

What traders check next

Volume on each low.
Time between lows.
Whether the bounces are getting higher.

Limits

Often looks like a range.
Equal lows are a matter of tolerance.
Rare compared to double bottoms.

Try it in forecastviz

Open any ticker and choose Reversal patterns → Triple bottom in the left menu.
Switch between 6M, 1Y, 3Y to see how the picture changes.
Compare with Double bottom and Triple top on the same chart.

Open on a ticker

Questions

Is it stronger than a double bottom?

More tests do not prove more. We make no claim.

Is it a trading range?

It can be. The difference is the break of the neckline.