The Forgotten Formation That Still Slaps: Why the Triple Bottom Isn’t Dead

Let’s be honest—in the world of intraday trading, where everything moves faster than your coffee machine on double espresso mode, traders tend to fall in love with the flashiest tools and indicators. But sometimes, going old-school is exactly how you outsmart the algos.

Enter: the triple bottom pattern in intraday trading.

No, it’s not the name of a ’90s boy band reunion tour. It’s one of the most overlooked but ridiculously powerful reversal patterns that intraday traders are ignoring like last week’s CPI print.

Why It Still Works: A Contrarian Viewpoint

Here’s the secret Wall Street doesn’t tweet about: triple bottoms work because nobody thinks they work anymore. Institutions are busy chasing liquidity while retail traders are scanning for harmonic bat-wing cyborg patterns.

Meanwhile, the triple bottom—three clear support touches with relatively equal lows and declining volume on the third test—is quietly cooking up a breakout that sends prices flying faster than a meme coin after a celebrity tweet.

Expert Insight: According to Linda Raschke, renowned trader and market technician, “Simple patterns like the double and triple bottom, when aligned with market context, have higher probability than most indicators.”

The Checklist: Spotting a True Intraday Triple Bottom

Let’s cut the fluff. If you want to catch this pattern before the crowd, you need a quick checklist:

1. Three distinct lows at roughly the same price level
2. Decreasing volume on the second and third bottom
3. False breakdowns (liquidity traps) before the actual move
4. Confirmation candle breaking neckline with volume burst
5. Occurs during market session volatility windows (e.g., London or NY open)

Stat Check: A 2023 study by The Technical Trader Lab found that triple bottoms on the 5-minute chart, when traded post-breakout with a 1.5:1 reward-to-risk ratio, had a 67% success rate across GBP/USD and USD/CAD.

Underground Tip: Use a 13-period VWAP overlay during the pattern’s formation. If price rejects VWAP after the third bottom and breaks neckline afterward, the move tends to have more fuel.

The Real Game-Changer: Intraday Psychology + Triple Bottom = Money Moves

Think of this like poker. Everyone’s watching the flop (price), but you’re watching how they bet (volume + order flow). Combine the triple bottom with psychological zones—yesterday’s low, pre-market range low, or a round number like 1.3000—and you’ve got confluence strong enough to make the Fed blink.

Personal Anecdote: I once caught a 30-pip rip on GBP/AUD within 12 minutes thanks to a textbook triple bottom at a weekly S/R level while Twitter was too busy arguing over RSI settings. Not saying I danced afterward—but the cat did.

The Misstep Most Traders Make (And How You Can Avoid It)

They jump the gun. If you buy before the neckline breaks, you’re basically showing up at a surprise party before anyone yells “Surprise!”

Wait for confirmation. Your cousin who trades off vibes may disagree, but we’re here for repeatable results, not emotional whiplash.

Elite Tactic: Smart Entry + Clean Exit

Here’s a sniper-level setup:

1. Entry: After neckline breakout with closing candle above + volume spike
2. SL: 5-7 pips below third bottom
3. TP1: Width of pattern projected above neckline
4. TP2: Next intraday high or pivot level

Insider Move: If price breaks neckline and comes back to retest it with a bullish engulfing candle on the 1-minute chart? That’s your re-entry cue. Call it the “cheat code confirmation.”

Next-Level Bonus: When to Combine With Fundamentals

Timing the triple bottom with low-tier data is risky—but when it aligns with key releases (like U.S. Building Permits or Canada’s GDP), it can create explosive entries. Monitor data in real time at StarseedFX Forex News Today.

Game-Changing Application: Turn Your Intraday Patterns into a Portfolio of Wins

Combine triple bottoms with:

• Order block rejection zones
• Liquidity sweeps near psychological levels
• CMO or Williams %R divergence at third low
• Multi-timeframe confluence (e.g., 5-min + 1-hr support)

Pro Tip: Document every single triple bottom setup in your free trading journal to refine your entry triggers.

StarseedFX Tools for Pattern Precision:

• Use the Smart Trading Tool for lot sizing and order planning.
• Build a custom plan around this setup using the Free Trading Plan.
• Deep dive with pros in the community hub.

Key Takeaways Recap:

• Triple bottoms still slap—especially intraday
• Wait for confirmation: neckline breakout + volume
• Pair with psychology, round numbers, and divergence
• Add VWAP, economic news, and order flow for confluence
• Journal and optimize with StarseedFX’s free tools

Trade sharp. Trade smart. Trade like you actually know the pattern the pros don’t post on Instagram.

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Image Credits: Cover image at the top is AI-generated