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This is a five column triple bottom pattern with an additional condition.
1 – Double top buy pattern
2 – Double bottom sell , Bull trap and Triple bottom sell pattern
A triple bottom sell pattern is also a bull trap pattern in this case. This indicates that a bullish double top buy pattern in the previous column failed, triggering a bull trap.
In addition to being a support breaching pattern, it also indicates that the bulls are trapped.
This pattern can be plotted on the chart by adding it from the study menu in TradePoint & 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.