Triple Bottom U-Turn

A low trend is a schematic indicator of the triple bottom’s price; the third thrust in the trend strongly suggests a reversal. 

This price indicator is more telling than a Double Bottom.

How a Triple Bottom is Determined

As the name suggests, this price indicator is a pattern of three thrusts in position within a single line.

The lowest and highest rates are combined by direct reinforcements and divisions. The asset is underestimated should a price reversal occur thrice.

Designation

The indicator is fixed when the price breaks through to the resistance mark–with potential error. A buy signal is given and the trend changes.

Goal indicator

The Triple Bottom price reaches the target indicator when constructing a schematic price indicator. It is calculated by the formula:

T = R + H,

In the formula: 

T – goal indicator;

R – resistance mark (local high rates);

H – indicator height (distance of support and resistance indicators)