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Trading the Triple Top Stock Chart Pattern – Technical Analysis

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.

#tripletopstock #stockpattern #stockchart #technicalanalysis #tradingcharts

Posted at: https://tradersfly.com/blog/the-triple-top-chart-pattern/

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All of the stocks mentioned in this video along with any other videos we have are opinions and not investment, financial or legal advice. These videos are for general education, information, and entertainment. Do your own due diligence and consult with a registered financial advisor before taking any position since everyone has a different risk tolerance.

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