Triple Bottom

Triple Bottom is a technical analysis pattern consisting of three consecutive troughs at approximately the same level, indicating strong support for an asset's price. It's a bullish reversal pattern, signaling a potential trend change from bearish to bullish.

Triple Bottom matters because it can help traders identify potential buying opportunities. For instance, if a stock has been declining but finds support at a certain price level three times, it suggests that sellers are exhausted and buyers may soon take control, potentially leading to a price increase.