Customer Support : 020-61923200, [email protected] | Call and Trade : 020-61923220
The triple bottom sell is a bearish breakout pattern that consists of five columns.
Box-values for the first and third columns in the pattern are at the same level, indicating strong demand and support at that price level.
Price falls below these support levels in the fifth column and generates a double bottom sell pattern. Because it is below the previous two column bottoms which were at the same level, it is known as a triple bottom sell pattern.
The break of the strong support level offers a bearish trade opportunity.
Triple bottom sell is a traditional P&F pattern.
Click here to learn more about this pattern.
This pattern can be plotted on the chart by adding it from the Add study menu in TradePoint & Patterns in RZone. The pattern is also available in the System Builder section. By combining this pattern with other patterns and indicators, you can create your own trading strategies. For any group of stocks and market segments, you can scan and backtest stocks based on those strategies.