> Flag Buy Signal - When the price has moved higher and prices have consolidated, creating a channel of support and resistance, a potential buy signal is given when prices penetrate and close above the upward resistance line.> The pattern has completed when the price breaks out of the containing trend lines in the direction of the prevailing trend, at which point...
The triple bottom pattern is the opposite of the triple top pattern. If the triple top is a bearish reversal pattern, the triple bottom is a bullish reversal, which means that if you find this pattern during a downtrend, there is a possibility of a reversal to the uptrend.