The Triple Bottom Pattern and 11 Other Chart Patterns That Consistently Win Trades

Here’s something most traders don’t realize: chart patterns aren’t just squiggles on your screen—they actually predict price movements with surprising accuracy. Not every pattern works equally well, but there’s a solid group of proven patterns that have delivered results over time. The triple bottom pattern, along with patterns like Head and Shoulders and Double Bottom, have demonstrated winning rates above 80%, which is why serious traders pay attention to them.

Why These Chart Patterns Actually Work: Success Rates That Prove It

The data backs it up. Research consistently shows that specific chart patterns have strong track records. The Head and Shoulders pattern tops the list with an 89% success rate, followed closely by Double Bottom at 88%, and both Triple Bottom and Descending Triangle tie at 87%. When it comes to profit potential, Rectangle Top leads the way with an average win of 51%, followed by Rectangle Bottom at 48%.

These patterns emerge from how price naturally moves on a chart. They’re visual representations of market psychology—moments when buyers and sellers are wrestling for control. The beautiful part? With platforms like TradingView now offering automatic pattern detection, you don’t need to manually draw trendlines anymore. The heavy lifting is done for you, which is why TradingView has become the global standard for chart analysis.

Understanding Reversal Patterns: Head & Shoulders, Double Bottom & Triple Bottom

Head and Shoulders (89% Success Rate)

An inverse head and shoulders pattern signals that a downtrend is about to reverse. Picture three valleys in the price chart—two outer valleys (the shoulders) and one deeper valley in the middle (the head). When price breaks above the resistance line connecting these valleys, there’s an 89% probability you’re looking at genuine reversal, with an average gain of 45%.

To spot it: Look for three distinct lows on daily or weekly charts. The middle low should be noticeably deeper than the outer two. Confirmation comes when price breaks through the upper resistance line decisively.

Double Bottom (88% Success Rate)

This one’s visual simplicity is part of its power. A double bottom creates a W-shaped pattern—the price bounces off the same low twice. With an 88% success rate and averaging 50% gains when it works, it’s one of the most reliable reversal signals.

Look for two distinct lows forming that W shape, typically visible on daily charts. Wait for price to break above the resistance line to confirm the reversal is happening.

Triple Bottom Pattern (87% Success Rate)

The triple bottom pattern represents the market’s strongest commitment to reversing a downtrend. Instead of two bounces, you’re seeing three—forming a kind of VVV shape. The statistics are compelling: 87% success rate with an average 45% price increase.

The triple bottom pattern works because it shows the market testing support not once, not twice, but three times. Each test that holds increases confidence that bulls are finally taking control. To identify this chart pattern, look for three distinct lows on daily or weekly timeframes. Once you see price break above the upper resistance line, the triple bottom pattern has confirmed its signal. This is when the most aggressive traders enter positions.

Breakout Patterns That Signal Trend Continuation

Descending Triangle (87% Success)

A descending triangle tells a specific story: buyers keep defending a price level while sellers get more aggressive. Two converging trendlines create a triangle pointing downward. When price breaks upward through resistance, there’s an 87% probability of success with 38% average gains.

Ascending Triangle (83% Success)

The mirror image of the descending triangle, but with different implications. An upward-sloping support line meets a flat resistance line. When price breaks above that resistance, the probability of continued uptrend is 83% with average gains of 43%.

Bull Flag (85% Success)

After a sharp price spike, the market often consolidates within two parallel lines—creating a flag shape. Bull flags suggest the uptrend wants to continue. Success rate: 85%, with an average 39% profit potential.

Range-Bound Patterns: When Price Gets Trapped

Rectangle Top (85% Success, 51% Average Gain)

After prices have been climbing, consolidation happens. The price gets trapped between two flat, horizontal trendlines. When it finally breaks upward, you’re looking at an 85% success rate with a 51% profit potential—the highest of any pattern on this list.

Rectangle Bottom (85% Success, 48% Average Gain)

The opposite scenario: After a downtrend, price consolidates at the bottom. Look for at least four bounces between support and resistance. When the breakout finally comes, expect 85% reliability and 48% average gains.

Wedge Patterns: Hidden Reversals

Rising Wedge (81% Success)

Two upward-sloping lines converge, creating a wedge pointing up. Counter-intuitively, this pattern often precedes downward movement. Success rate during resistance breakouts: 81%, with 38% average moves.

Falling Wedge (74% Success)

Two converging lines slope downward, creating a wedge pointing down. This one suggests reversal to the upside. When price breaks above resistance, you get 74% reliability and 38% average gains.

Head & Shoulders Top (81% Success)

This is the bearish version of head and shoulders. Three peaks form—left shoulder, head (the highest), right shoulder. When price breaks below support, there’s an 81% probability of continued downtrend, though the average decline is smaller at -16%.

The Pattern You Should Actually Avoid: Pennant

Before you think every pattern is worth trading, there’s an important warning. The Pennant pattern—which many traders use—has only a 46% success rate with meager 7% average gains. Tom Bulkowski, a legendary figure in technical analysis research, specifically warns against trading pennants. They fail far more often than they work, making them one of the worst indicators for decision-making.

Critical Rules for Trading Any Chart Pattern Successfully

Regardless of which pattern you’re analyzing, follow these principles:

1. Wait for Breakout Confirmation: Don’t enter trades just because you identify a pattern. Wait for price to actually break through the resistance or support line.

2. Watch the Direction: A break above resistance signals different action than a break below support. Always clarify which way the breakout went.

3. Use Support and Resistance: The upper and lower trendlines aren’t just pretty lines—they’re your entry and exit guides.

4. Check the Timeframe: Patterns visible on daily charts carry more weight than intraday patterns.

What This Means for Your Trading

Here’s the bottom line: Chart patterns work. The data shows that these eleven proven patterns (excluding the pennant) have success rates consistently above 80%, with average profit potential ranging from 38% to 51%. That’s remarkable consistency.

The triple bottom pattern, double bottom, and head and shoulders pattern sit at the top of the reliability rankings. They’ve been tested across decades of trading data, and they continue to deliver results because they reflect genuine market behavior—the balance of supply and demand playing out visually on your screen.

Modern tools like TradingView have made identifying these patterns automatic, removing human error from the equation. The opportunity is there. Now it’s about disciplined execution: recognizing the pattern, waiting for the breakout, and acting decisively.

For those trading crypto, these same patterns apply to $BTC, $ETH, $BNB, and other major assets. Technical analysis principles are universal across markets.