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triple bottom

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triple bottom
In technical analysis, a chart formation of a stock or a market index that has attempted to penetrate a lower price level on three different occasions. If the stock price or index actually breaks through on the downside during the third attempt, it is a bearish signal and the investor should sell or sell short the stock or index. If the stock or index is unable to penetrate the price level, it is a bullish sign that the price is at a strong support level. Compare triple top.


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Please join me in congratulating and thanking the Eugene Public Library Foundation on its 25 years of support for the Eugene Public Library and the triple bottom line.
A triple bottom formation is confirmed when the price rises above the highest top of the pattern.
Power Course Instructor's Response: On the chart below, examples of a double bottom along with a triple top and a triple bottom can be seen.
 
 
 
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