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Understanding the Triple Bottom Pattern in Technical Analysis

The Triple Bottom Pattern is a bullish reversal pattern that signals a possible shift from a downtrend to an uptrend. It forms when a stocku2019s price hits the same support level three times, with slight upward moves in between, showing that sellers are losing strength and buyers are stepping in.<br><br>Once the price breaks above the resistance level (the high between the bottoms), it confirms the pattern and often indicates a potential upward move. Traders use it to identify buying opportunities after a prolonged downtrend.

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Understanding the Triple Bottom Pattern in Technical Analysis

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