As the Triple Bottom Reversal develops, it can start to resemble a number of patterns. Before the third low forms, the pattern may look like a Double Bottom
Reversal. Three equal lows can also be found in a descending triangle
. Of these patterns mentioned, only the descending triangle
overtones; the others are neutral until a breakout occurs. Similarly, the Triple Bottom Reversal should also be treated as a neutral pattern until a breakout occurs. The ability
to hold support is bullish
, but demand has not won the battle until resistance is broken. Volume
on the last advance can sometimes yield a clue. If there is a sharp increase in volume
and momentum, then the chances of a breakout increase.