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Triple Top

The Triple Top pattern is similar to Double Top but has three peaks at approximately the same level. This is a stronger reversal signal than Double Top.

Peak 1Peak 2Peak 3NecklineTriple Top: 3 equal peaks → Break neckline → Decline

Pattern Details

Category

reversal

Success Rate

84%

Average Move

-20%

Duration

3-6 weeks

Pattern Structure

Pattern Structure
Key components that define this chart pattern
  • 1
    Three peaks at approximately the same price level
  • 2
    Two troughs between the peaks
  • 3
    Neckline connecting the two lowest troughs

Trading Rules

Trading Rules
Essential rules for trading this pattern successfully
  • ✓
    Enter short position when price breaks below neckline
  • ✓
    Volume typically decreases through each peak
  • ✓
    Target = Distance from peak to neckline
  • ✓
    Stop loss placed above highest peak
Trading Tips
  • Three peaks don't need to be exactly equal
  • Stronger signal than Double Top
  • Longer formation time increases reliability

Statistics

Breakout Statistics
Bullish Breakout0%
Bearish Breakout84%
Performance Metrics
Average Rise+0%
Average Decline-20%
Pullback Rate7%