The Triple Bottom Breakdown is a bearish P&F (Point and Figure) chart pattern. The pattern is characterized by three O-Columns that move lower and lower with each breakdown. The back-to-back lower lows shows underlying bearish strength that is indicative of a downtrend.
These patterns can mark reversal breakdowns or continuation breakdowns. A Descending Triple Bottom Breakdown that forms at a market top (after an advance) would be a classified as a reversal pattern. A Descending Triple Bottom Breakdown that forms as a consolidation after a decline would be classified as a continuation pattern.<< Back to Glossary Index