Increasing Triplet Subsequence

Given an unsorted array return whether an increasing subsequence of length 3 exists or not in the array.

Formally the function should:
Return true if there exists i, j, k
such that arr[i] < arr[j] < arr[k] given 0 ≤ i < j < k ≤ n-1 else return false.
Your algorithm should run in O(n) time complexity and O(1) space complexity.

Examples:
Given [1, 2, 3, 4, 5],
return true.

Given [5, 4, 3, 2, 1],
return false.

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