Trading Tactic Explanation The Measure Rule Peaks Measure rule Compute the height from the highest peak (point B in the Measure Rule figure to the right) to the lowest valley (A) and then multiply it by the above 'percentage meeting price target.' Subtract the result from the lowest valley...
In the case of a Triple Top chart pattern, the stop loss should be placed at the third top of the pattern. Price Target The price target should be equal to the distance between the neckline and the tops. Trading with Triple Bottom There are certain rules when trading with Triple Bottom ...
Triple Top Pattern is one of the Trend Reversal Patternswhich typically forms in an uptrend and signals a possible reversal of the rising trend into a downtrend
The triple top is a reversal chart pattern featuring three peaks at the same level, making it different from the head and shoulders, which has a more towering middle peak compared to the other two. A breakout from the support follows the three peaks. The
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The triple top is a type of chart pattern used intechnical analysisto predict the reversal in the movement of an asset's price. Consisting of threepeaks, a triple top signals that the asset may no longer be rallying, and that lower prices may be on the way. In order for the pattern t...
Still, some traders like to give the market more room to move and so set their stops just above the third peak in a triple top or just below the third trough in a triple bottom. Price reaching those levels is definitely a strong signal the pattern has failed. ...