Reversal · Bullish · High reliability
Pipe Bottom Pattern Explained
Two tall, narrow drops side by side at about the same low.
What it looks like
Two tall, narrow troughs side by side at similar lows — a rare bullish bottoming formation.
Often clearer on daily+ timeframes when structure is well defined.
Visual example
Illustrative geometry on ChartNox charts — not a live trade signal.
How to identify it
- Look for two long spikes down on neighbouring bars, usually on a weekly chart.
- Check that the spikes stand out from the bars around them.
- Bullish bias is usually read after price rises above the high of the two bars.
When the read is wrong
Invalid if price falls below the two lows and holds there.
Common mistakes
- Reading it on very short timeframes, where neighbouring spikes are common.
- Counting bars that barely stand out. The two spikes should clearly reach below nearby price.
Questions and answers
What is a pipe bottom?
Two long, narrow bars side by side that reach down to about the same low, followed by a recovery.
Is a pipe bottom bullish?
It is read as bullish once price rises above the high of the two bars.
Ask ChartNox AI about Pipe Bottom
Open the tutor with this pattern pre-seeded. Educational coaching only — not a trade recommendation.
- How do I identify a Pipe Bottom on a chart, step by step?
- What usually invalidates a Pipe Bottom pattern?
- What mistakes do beginners make with Pipe Bottom?