Trading the Triple Top Stock Chart Pattern – Technical Analysis

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Triple Top Pattern:
-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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6 Comments

  1. Smart Investor

    March 22, 2016 at 3:56 am

    3 to 6 month time horizon?? I see triple bottom and triple top on even 1 min charts. could you please clarify?

  2. kreteman777

    March 22, 2016 at 4:33 am

    Why not just trade the channel? Buy when it bounces off support and sell off resistance?

  3. Vidhya VijayaKumar

    March 22, 2016 at 5:13 am

    U explain in simple n easy terms. Good job!!! I m checking out all ur videos now.

  4. Syed Shah

    March 22, 2016 at 5:53 am

    Do you think the IPXL has formed a triple top and would fall ?

  5. Vishal Dhir

    March 22, 2016 at 6:38 am

    Brilliant video Sasha! Two years old, yet it's still helpful.

  6. anythinggoodproducts

    March 22, 2016 at 7:23 am

    Can the triple top pattern break the resistance line and go to the upside

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