Triple Bottom
Three troughs at approximately the same price level separated by two peaks.
How it is identified
Test: three lows within a small percentage of each other, with the highest intervening peak acting as the completion level
Unit
qualitative
In depth
The triple bottom is the mirror of the triple top and shares its ambiguity with a rectangle range: until one boundary is broken, the shape is simply a well-defined trading range. Practitioners often look for declining volume across the three lows followed by an expansion on the break, which adds a testable condition. Three tests of a level do not make it stronger in any mechanical sense; each test consumes some of the resting demand that made it a level in the first place. The description carries no predictive claim.
Worked example
Lows at ₹480, ₹483 and ₹479, within 1% of each other, with peaks at ₹512 and ₹508. The formation would complete on a close above ₹512, which is 6.6% above the lows and defines the risk on any entry there.
Illustrative figures, chosen so the arithmetic is easy to follow. Not a live price and not a valuation of any company.
Educational reference only
This entry explains what “Triple Bottom” means. It is not investment advice and not a recommendation to buy or sell any security. Any numbers above are illustrative, not live prices, and nothing here predicts price direction or rates a stock. Consider your own circumstances and consult a SEBI-registered investment adviser before acting.