– 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.
#tripletopstock #stockpattern #stockchart #technicalanalysis #tradingcharts
Posted at: https://tradersfly.com/blog/the-triple-top-chart-pattern/
???? GET MY FREEBIES
???? SUBMIT A VOICE QUESTION
???? START HERE: FOR NEW TRADERS
???? START HERE: OPTION TRADERS
???? MY CHARTING TOOLS + BROKERS
???? MY COMPUTER EQUIPMENT
???? GET THE NEWSLETTER
???? SEE OUR MEMBERSHIP PLANS
???? STOCK TRADING COURSES
???? STOCK TRADING BOOKS:
? GET PRIVATE COACHING
???? SOCIAL MEDIA:
? SUBSCRIBE TO OUR YOUTUBE CHANNEL
???? MY YOUTUBE CHANNELS:
???? ABOUT TRADERSFLY
TradersFly is a place where I enjoy sharing my knowledge and experience about the stock market, trading, and investing.
Stock trading can be a brutal industry, especially if you are new. Watch my free educational training videos to avoid making big mistakes and just to continue to get better.
Stock trading and investing is a long journey – it doesn’t happen overnight. If you are interested to share some insight or contribute to the community we’d love to have you subscribe and join us!