What is a Triple Top?
The triple top pattern is a type of chart pattern used in technical analysis to predict the reversal of an uptrend. The pattern occurs when the price of an asset creates three peaks at nearly the same price level. The area of the peaks is resistance. The pullbacks between the peaks are called the swing lows. After the third peak, if the price falls below the swing lows, the pattern is considered complete and traders watch for a further move to the downside.
Triple tops may occur on all time frames, but in order for it to be considered a triple top the pattern must occur following an uptrend.
