Three well-separated and distinct minor lows. The price variation among the three bottoms is minor. Prices must rise above the highest high in the formation (the confirmation point) or the chart pattern is not a triple bottom.
Percent of successful formations – 73%
Failure rate – 4%
Average time to throwback completion – 3 hours
Compute formation height from highest high to lowest low in the formation. Add the height to the highest high. The result is the expected minimum price move.