Triple Tops/Bottoms

Source: Investopedia.com

Triple Tops and Triple Bottoms are reversal patterns that aren’t as prevalent as Head and Shoulders or Double Tops or Double Bottoms. But, they act in a similar fashion and can be a powerful trading signal for a trend reversal. The patterns are formed when a price tests the same support or resistance level three times and is unable to break through. 

Figure 27 – Triple Bottom Example – Source: StockCharts.com

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