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Triple bottom

1. Introduction

Triple Bottom is a bullish pattern with three tops roughly on the same level, indicating strong resistance at the top. This pattern indicates that once the support line is breached, the stock has the potential to continue falling.

2. Feature

2.1 There are three tops roughly on the same level;

2.2 The pattern has recently been in a downtrend;

2.3 The price has recently dropped below the horizontal line formed by connecting the recent bottoms. 

3. Example

EMX has a Triple Top Pattern on June 18, 2021.

This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors.  It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty as to its adequacy, completeness, accuracy or timeliness for any particular purpose of the above content.