Triple bottom

1. Introduction

Triple Bottom is a bullish pattern with three tops roughly on the same level, indicating strong resistance at the top. This pattern indicates that once the support line is breached, the stock has the potential to continue falling.

2. Feature

2.1 There are three tops roughly on the same level;

2.2 The pattern has recently been in a downtrend;

2.3 The price has recently dropped below the horizontal line formed by connecting the recent bottoms. 

3. Example

EMX has a Triple Top Pattern on June 18, 2021.

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