Triple Top / Triple Bottom
Last updated
Last updated
Remember ? So, yeah, there can be more.
A Triple Top looks like three peaks at about the same level. Price tries to break through that resistance each time but fails and starts dropping. A Triple Bottom is the mirror image — three dips at a similar support level, with price failing to go lower.
Three Equal Highs or Lows. Look for three attempts around the same price zone.
Neckline. Draw a line at the lowest point of the middle top (for Triple Top) or the highest point of the middle bottom (for Triple Bottom).
Confirmation. A clear close beyond that neckline suggests a possible reversal.
Entry: many traders wait for a break below the neckline in a Triple Top or above it in a Triple Bottom.
Stop: place it beyond the third peak or trough in case price tries again.
Target: measure the height between the peaks (or troughs) and the neckline. Project that distance from the breakout point.
Be patient. Wait for the neckline to break.
Watch volume. A spike on the break can give more confidence.
Combine with other tools like RSI or MACD to spot potential momentum shifts.
Look at past charts to find at least one Triple Top and one Triple Bottom. Identify the three touches, draw your neckline, and see how price moved after breaking it. Write down where you would have entered, placed stops, and taken profits. Then move forward on the chart to see if it hit your targets. Repeat on different markets to compare results.
