Triple bottom is a technical analysis chart pattern used by traders and analysts to identify potential trend reversals or bullish signals in the price of a security or asset. The triple bottom pattern resembles three consecutive troughs or lows at approximately the same price level, separated by short-term rallies or consolidations, forming a 'W' shaped pattern on the price chart. The triple bottom pattern indicates that sellers have failed to push the price lower after multiple attempts, signaling a potential exhaustion of downward momentum and a shift in market sentiment from bearish to bullish. Traders look for confirmation signals, such as a breakout above the pattern's neckline or resistance level, increasing trading volume, and bullish indicators to validate the triple bottom formation and trigger buy signals. However, triple bottom patterns may have limitations and false signals, requiring careful validation, risk management, and confirmation with other technical indicators or chart patterns to avoid false breakouts or premature entries. Triple bottom patterns are considered bullish reversal patterns, suggesting a potential change in trend direction from a downtrend to an uptrend, providing opportunities for traders to enter long positions, set price targets, and manage risk levels based on the pattern's characteristics, reliability, and market conditions.