A triple-bottom pattern is a bullish signal of a price reversal to the upside and appears after an asset has experienced downward momentum and downtrends.
The triple bottom pattern formation is closely watched and utilized by traders looking to take advantage of its formation for long positions and entries.
However, the triple bottom is more effective when used alongside various technical bullish reversal indicators to validate its signals on an asset price chart.
Traders are advised to conduct personal research and due diligence on bullish reversal chart patterns and gain ample knowledge of technical analysis.