Triple tops & bottoms

5 min 40 XP

Three is stronger than two

A triple top is exactly a double top with one extra failed peak: three rejections at the same resistance, all sharing one neckline (the lows between them). A triple bottom is the mirror at a floor. Three failures at one level is even more telling than two — the side defending that level is thoroughly exhausted.

Same rules as the double

Everything works like the double top/bottom: it is only valid once the neckline breaks on a close. Enter on the break or the retest, stop just beyond the neckline, and target the height (peaks/troughs to neckline) projected from the break. Do not short the third peak before the neckline gives way.

Triple top/bottom = a double with a third failed attempt at the same level.
Three rejections = an even stronger exhaustion signal.
Still only tradeable on the neckline break (close), then the retest.
Target = pattern height projected from the break — same as the double.

Praxis.

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Level 2: Technical Analysis

M4 · Part 2 — Tops & Bottoms (reversals) · Lesson 47/144

Triple tops & bottoms

5 min 40 XP

Three is stronger than two

Same rules as the double

Triple top/bottom = a double with a third failed attempt at the same level.
Three rejections = an even stronger exhaustion signal.
Still only tradeable on the neckline break (close), then the retest.
Target = pattern height projected from the break — same as the double.