The pattern is formed by three downs (1,2,3), on the third drop it pushes past the support line formed by the first two. The third column will drop past the support line an equal distance to that of the tops.
|Breakout of a Spread Triple Bottom
This pattern is a variation to the triple bottom except that on the third rally it fails to breach the support line. On the fourth move it breaks past the support line and should drop an equal amount to that of it’s tops.
|Descending Triple Bottom
Another variation of the triple bottom except in this case each consecutive low is lower than the last. When the price drops below the support line this generates a clear selling signal.
|Downward Breakout of a Bearish Support Line
A variation of the descending triple bottom except in this case there is an upward bias. The signal is to sell on the support line breakout.
|Downward Breakout of a Bullish Support Line
This pattern consists of a consecutive series of higher lows. When the price breaks through the support line a sell signal is given.