Trading the Triple Top Stock Chart Pattern – Technical Analysis
– A reversal pattern.
– It forms from a previous uptrend.
– You need to be aware that this pattern has the potential to be multiple patterns, and you cannot be sure that it is a triple top until it hits the third point on the resistance line.
– Once it breaks under the support line you can enter the trade to the downside or sell it short.
– The volume will spike once it breaks the support line.
– Remember that this pattern happens over a timeframe of 3-6 months.
– Be neutral until it breaks because it could be a sideways pattern.
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