Triple bottom
1. Introduction
Triple Bottom is a bullish pattern with three lows roughly on the same level, indicating strong support at the bottom. This pattern indicates that once the resistance line is breached, the stock has the potential to continue rising.
2. Feature
2.1 There are three lows roughly on the same level;
2.2 The pattern has recently been in an uptrend;
2.3 The price has recently surpassed the horizontal line formed by connecting the recent tops.
3. Example
000585 has a Triple Bottom Pattern on June 18, 2021.
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