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Key Characteristics of the Triple Bottom Pattern

The Triple Bottom pattern is a bullish reversal pattern marked by the price hitting the same low three times, each followed by a rebound, showing strong support and buyer interest. When the price finally breaks above the resistance level formed during the rebounds, it signals a potential shift from a downtrend to an uptrend.

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Key Characteristics of the Triple Bottom Pattern

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  1. Key Characteristics of the Triple Bottom Pattern For more Visit:https://navia.co.in/blog/triple-bottom-pattern-in-technical-analysis/

  2. What is the Triple Bottom Pattern? ● A bullish reversal pattern seen after a downtrend ● Signals strong support and a potential trend change ● Forms a “W” shape — but with three bottoms For more Visit:https://navia.co.in/blog/triple-bottom-pattern-in-technical-analysis/

  3. Key Feature 1 – Three Equal Lows ● Three consecutive lows at nearly the same level ● Indicates a strong support zone ● Suggests sellers are losing strength For more Visit:https://navia.co.in/blog/triple-bottom-pattern-in-technical-analysis/

  4. Key Feature 2 & 3 – Neckline & Volume ● Neckline: Drawn across intermediate highs ● Breakout above neckline = Bullish signal ● Volume: Dips during formation, spikes at breakout For more Visit:https://navia.co.in/blog/triple-bottom-pattern-in-technical-analysis/

  5. The Final Look – “W” with Extra Dip ● Resembles a “W” but with three dips ● Watch for confirmation breakout + volume surge ● Strong indicator of a potential upward trend For more Visit:https://navia.co.in/blog/triple-bottom-pattern-in-technical-analysis/

  6. Disclaimer Investment in securities market are subject to market risks, read all the related documents carefully before investing. The securities quoted are for illustrative purposes and are not intended as recommendations. Brokerage will not exceed the SEBI prescribed limit. Navia Markets Ltd ,SEBI Registration No.INZ000095034-NSE Member code for CM, FAO & CD: 07708 - BSE Clearing No. for CM, FAO & CD: 6341-MCX Member ID: 45345 NSDL DP ID: IN300378-CDSL DP ID: 12086500-SEBI Registration No. for DP: IN-DP-311-2017-GST Registration number :33AAACM4739R2ZZ-Registered office: Ganga Griha, 4th & 5th Floor, No.9, Nungambakkam High Road, Chennai - 600 034 Email ID: ig@navia.co.in - Contact No: +91 70100 75500 https://bit.ly/naviadisclaimer For more Visit:https://navia.co.in/blog/triple-bottom-pattern-in-technical-analysis/

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