Triple Top is a chart pattern with three tops very close in price. This pattern can be seen in all time-frames. There are a few requirements to classify a chart pattern as a triple top:
1. Price highs are close to each other ...
Triple Top/Bottom patterns, which appear frequently in stock trading, are relatively easier to detect. Below are some typical Triple Top/Bottom patterns:
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Triple Top (Reversal)
The triple top is a reversal pattern made up of three equal highs followed by a break below support. In contrast to the triple bottom, triple tops usually form over a shorter time frame and typically range from 3 to 6 months.
Triple top buy signal
example 1
There are many examples of triple top buy signals on the chart.
Triple top
Triple Top is a pattern in which a currency has reached a price three times previously, yet has been unable to sustain movements beyond those three peaks. A triple top signifies a strong resistance level.
Ascending triple top
A bullish point-and-figure chart formation that suggests that the currency is likely to break a resistance line the third time it reaches it. Each new top is higher than the previous one.
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Triple Top
The triple top is a variation of the head and shoulders pattern. This pattern consists of three peaks of similar height. After the third peak is formed and the price movement breaks the neckline, a bearish signal is given.
Triple Top
The Triple Top is a reversal pattern of an uptrend. Similar to the head and shoulders top, the pattern features three prominent peaks, however in the case of the Triple Top all three peaks are at roughly the same price level.
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Triple top. A bearish reversal pattern that consists of three tops of approximately equal heights. A parallel (support) line is drawn against a resistance line, which connects these tops.
Triple Top
Learn how to trade a Triple Top
Double Top
Learn how to trade double tops.
Triple Top: A price pattern with three prominent peaks, similar to the head and shoulders top, except that all three peaks occur at about the same level.
Triple Top
Triple Bottom
This pattern occurs when a series of 2 or more tops or bottoms is penetrated. Generally this is formed by 5 vertical columns, however it is possible for formation to be spread over multiple columns as shown below: ...
Triple Top
Triple Top- It is a technical analysis term they used to describe a chart on which a price of the security that has made three approximately equal tops over any period of time or a set period of time and then they may be broken thought ...
Triple Top
A price pattern with three prominent peaks at about the same level. The triple bottom is the mirror image of the top.
Typical Price
The average of intraday high, low and close.
Triple Tops
A price pattern associated with a trend reversal. In an uptrend a triple top is a price chart with three significant price peaks at around the same price high.
Triple Top: Price pattern featuring three highs in approximately the same price zone. When the pattern is completed, the indication is bearish.
Triple Top Chart Pattern
This is not a pattern that is common in the Forex market and can be seen as reversal patterns with a bearish leaning.
Triple Top
Anticipates a change in trend from up to down.
Triple Bottom
Anticipates a change in trend from down to up.
A Triple Top is considered a bearish signal, indicating a possible reversal of the current uptrend to a new downtrend.
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Description ...
Ascending Triple Top
Breakout of a Spread Triple Top
Triple Top
Upward Breakout of a Bearish Resistance Line
Upward Breakout of a Bullish Resistance Line ...
Double or Triple Top or Bottom - forms when two (or three) similar levels are tested, with a subsequent rally or dip.
Breakout of a spread triple top : A bullish point-and-figure chart formation that s...
Breakout of a triple bottom : A bearish point-and-figure chart formation that sugge...
For instance, a double top can develop itself into a triple top formation which is also a potential reversal pattern.
Stocks under distribution are often signaled by broadening, rounding, or double or triple tops.
Divergence: An action by one indicator moving, not in conjunction or agreement with another indicator, but rather counter to or short of it.
In general, the head and shoulder pattern is similar to a triple top or bottom formation. In a triple top or bottom, the price attempts to break out of a support or resistance line three times, and in each case the attempt results in a failure.
A triple top is the same charting pattern as the double top with an extra relative high that touches the same resistance level.
The most common and simplest patterns are the double top, double bottom, triple top, and triple bottom. There are also some other patterns that are used in other chart types, such as the head and shoulders pattern.
In confirmation, silver has made a triple top breakout on the point and figure chart. This formation is one of the strongest technical indicators that auger a pending upward rise.
Head-and-shoulders patterns, rounding tops and bottoms, ascending and descending triangles, and double and triple tops are proven patterns that many currency prices will follow. Hence, they have strong predictive powers.
Double Top
Double Bottom
Triple Tops and Bottoms
Rounded Tops and Bottoms
7.7 Continuation Patterns ...
The common reversal patterns include the double tops and double bottoms, triple tops and triple bottoms, broadening bottoms and broadening tops, ...
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What strikes me first about this picture is the wonderful looking triple top chart pattern.
Double Top/Bottom
Head and Shoulders
Triple Top/Bottom
For more information check out our lesson on chart patterns.
You could even say that if formed somewhat of a triple top pattern. Looking at this chart you could safely assume that it was topping out and getting ready to enter a stage four down trend. A bearish chart, indeed.
Notice at 11:00 a.m. an Intraday Double Top was formed combined with a decreasing MACD and RSI. At 11:30 a.m. a Triple Top was formed, again with a continued decreasing MCAD and RSI.
These include Double Tops and Bottoms, Bullish and Bearish Signal formations, Bullish and Bearish Symmetrical Triangles, Triple Tops and Bottoms, etc. It is beyond the scope of this book to fully explain all of these patterns.
Neckline A trendline drawn along the support or resistance points of various reversal and consolidation pattern (i.e., head and shoulder, double and triple top/bottom formations).
Commonly followed reversal patterns are head and shoulders, double and triple tops or bottoms. Reversal patterns grow stronger if they are supported by other technical studies (e.g. breaking of a major trendline, or indicator divergence).
option with a strike price close to the current price of the underlying tradable.
Neckline
A trendline drawn along the support or resistance points of various reversal and consolidation pattern (i.e., head and shoulder, double and triple ...
 See also: Trend, Pattern, Chart, Resistance, Market
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