A triple bottom has three similar lows with clear bounces between them. A breakout above the highest neckline confirms the pattern — a stronger signal than a double bottom.
Strong demand was found at the same price level three times. After three failed tests, bears completely lose confidence; breaking the neckline triggers accelerated covering as bulls aggressively drive price up.
Enter long on a high-volume breakout above the highest neckline (win rate 71%). Stop-loss below the three lows. Target = base height added to breakout point.
The three lows should be close (within 5%). More tests = more explosive breakout. Volume expansion on the neckline breakout is crucial.