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Understanding Triple Bottom Pattern in Technical Analysis

The Triple Bottom Pattern is a bullish reversal chart pattern in technical analysis that signals the end of a downtrend and the potential beginning of an uptrend. It forms when the price hits a similar support level three times, failing to break lower, and then breaks above the resistance level. This pattern indicates strong buying pressure and is confirmed by increased volume on the breakout. Traders use it to identify potential entry points for long positions, with stop-losses typically placed below the support level.

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Understanding Triple Bottom Pattern in Technical Analysis

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