Triple Top and Triple Bottom Patterns
A 1-minute lesson from the MarketPro academy, one of 22 in chart patterns.
Triple top and triple bottom patterns extend the double top/bottom concept to three tests of the same resistance or support area instead of two, reflecting an even more prolonged struggle between buyers and sellers at that level. A triple top forms three roughly equal peaks with pullbacks in between, while a triple bottom forms three roughly equal troughs with bounces in between.
Triple top and triple bottom patterns extend the double top/bottom concept to three tests of the same resistance or support area instead of two, reflecting an even more prolonged struggle between buyers and sellers at that level.
A triple top forms three roughly equal peaks with pullbacks in between, while a triple bottom forms three roughly equal troughs with bounces in between. In both cases, the pattern is confirmed only once price breaks decisively through the level connecting the pullback or bounce points.
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Lesson 5 of 22 in Chart patterns
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