I just reviewed some charts and came across something that many traders underestimate: the triple bottom pattern. It’s a formation that appears quite often in forex when the market is tired of falling.

Basically, what you see is the price touching a support level three times without being able to break below it. Each time it drops, sellers try to push it further down, but they fail. Between each decline, there are small rebounds that reach similar heights, creating that characteristic horizontal resistance zone.

What’s interesting about the triple bottom is that it represents a battle. Buyers say "we’re not going lower" and prove it by rejecting the price three times at the same level. It’s as if the market is testing whether there’s really a floor there. After the third failed attempt by sellers, you typically see buyers take control strongly.

When the triple bottom is confirmed, it’s a pretty clear sign that the downtrend is ending. The price breaks that horizontal resistance with momentum, and that’s when many traders expect an upward move. Of course, it’s not a guarantee, but the triple bottom formation has a decent track record.

What I like about this pattern is that it’s relatively easy to identify. You don’t need complicated indicators, just look at the chart and see those three dips at the same level. If you see it forming, it’s worth paying attention. The triple bottom has marked the start of many bullish runs in forex, so it’s definitely something every trader should keep on their radar.