Pattern: Triple bottom and Triple top similar to pattern double bottom and double top, the difference is only in the amount of price rebound.
The figure is formed at the moment of the third price movement to where support and resistance levels, after which it cannot break through and returns in the opposite direction.
The triple bottom pattern will work best if all three bottoms are as similar in size as possible.
How to trade?
You can buy on a breakdown after the third bottom from the previous high or immediately using this strategies at the third low to take more forex pips or just buy an option.
With the formation of a triple top, everything is the same as with a triple bottom.
Read also - Shape: Diamond
Way of trading
It is necessary that all tops be as similar as possible and enter at the peak or at the breakdown of the drawn trend line.