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Triple Top Pattern Explained
In technical analysis the triple top chart pattern can be a possible signal for a reversal lower in price. This pattern is formed when price action find resistance inside a price zone three separate times. This type of price behavior can give clues that there are no buyers at higher prices above that resistance zone to cause a breakout and a trend continuation. This pattern shows a high probability that an uptrend in price has ended and that it could reverse back lower. A new break out to higher prices and holding above the third peak is a new momentum signal and changes the chart sentiment to bullish. A triple top ... (full story)
