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Tripletop

Learn a Triple Top Pattern | Classic Reversal Pattern You Must 🟢What is the Triple Top Pattern? A triple top chart pattern is a bearish reversal chart pattern that is formed after an uptrend. This pattern is formed with three peaks above a support level/neckline. The first peak is formed after a strong uptrend and then retrace back to the neckline. The formation of this pattern is completed when the prices move back to the neckline after forming the third peak. When the prices break through the neckline or the support level after forming three peaks then the bearish trend reversal is confirmed. 🟢Trading the Triple Top There are some rules when trading the Triple Top chart pattern. ✔️Firstly one should identify the market phase whether it is in uptrend or downtrend. As the triple top is formed at the end of an uptrend, the prior trend should be an uptrend. ✔️Traders should spot if three rounding tops are forming. ✔️Traders should only enter the short position when the price breaks out from the support level or the neckline. 🟢Stop Loss 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, also taking into the account the key levels below. Like, comment and subscribe to boost your trading! Hey traders, let me know what subject do you want to dive in in the next post?
OANDA:XAUUSDEducation
by TopTradingSignals
11
GET READY FOR 18K ZONE ...!!!!Hello, everybody! If you like the concept, don't forget to like and follow it. I stated in my previous update that BTC is proceeding in the same manner.I told you that this is merely a triple bottom and that we experienced a strong rebound from it when everyone turned extremely bearish on the short term and anticipated $13k to $14k.I hope you followed my advice and achieved financial success. From this point forward, what could be the next possible scenario? BTC is currently testing and breaking out of the trendline.If it comes down to $16.2k to $16.4k, now would be a good time to enter.Following this successful retest, I anticipate the price reaching the $18,000 level from here. As a result, expect more greenery to be available on the market in the coming days.Let's see how this all plays out. Additionally, we will soon update a few altcoin setups. Also, let us know what you think in the comment section.
Long
by knox_365
1
USDCAD Buy Opportunity- I am expecting some bullish pressure of the USD this week. - Price may may a final bearish push that may create a bearish reversal pattern, testing the below area of support - From there price will test the previous area of support which created the above head and shoulder (or triple top) before it broke below. -This move is just a retracement to test that area before possibly dropping lower. -Looking for price to test the 1.35 area. Please, like or comment your idea/analysis !
Long
by NoCeilingsTrading
QQQ: In a critical RESISTANCE area! What's next?• QQQ is in a resistance area around $284, which did work as a resistance twice since October; • Now, if it confirms a top sign around this area (any bearish candlestick pattern would work, like a Shooting Star, Bearish Engulfing, DCC, etc), it’ll confirm a Triple Top chart pattern, and QQQ would do a sharp correction from here; • However, if QQQ breaks the resistance, it’ll reverse the bearish sentiment and will probably keep climbing for the next couple of weeks - it all depends on how it'll close today; • Either way, QQQ looks interesting. Let’s keep our eyes open at the $284 area. Remember to follow me to keep in touch with my analyses!
NASDAQ:QQQ
by Nathan_The_Finance_Hydra
4
GBPAUD SHORT TRADE MULTI-TF ANALYSISHello TradingView community and my followers, please if you like the ideas, don't forget to support them with likes and comments, thank you very much and here we go. . GBPAUD Multi-timeframe analysis Daily view (structural timeframe) : it has failed to make higher high and made lower low. 4 hour (behavioural timeframe) : it has given breakdown of trendline. 1 hour (entry timeframe) : it has formed triple top and gave breakdown. . Now in 1 hour timeframe wait patiently for bearish correction and breakout then we could see downside continuation.
Short
by Twobrainztrader
2
USDCAD , weekly price action analytsis, Nov 7-11Dear traders Here i am sharing my view of USDCAD pair Monthly chart suggest it has got a strong resisitance at 1.40 price zone, and the october month candle clearly indicates a revesrsal , Weekly outlook have seen a new low after 5 weeks in USDCAD pair, 1.34 price zone is prone to break now, if this zone get broken then 1.30 price zone become vulnerable We can identify a triple top in the Daily chart , which added value towards our bearish analysis, we have to wait and watch the power of bears in the upcoming days
Short
by Akfx369
What is the Triple Top Pattern❓ 🟢What is the Triple Top Pattern? A triple top chart pattern is a bearish reversal chart pattern that is formed after an uptrend. This pattern is formed with three peaks above a support level/neckline. The first peak is formed after a strong uptrend and then retrace back to the neckline. The formation of this pattern is completed when the prices move back to the neckline after forming the third peak. When the prices break through the neckline or the support level after forming three peaks then the bearish trend reversal is confirmed. 🟢Trading the Triple Top There are some rules when trading the Triple Top chart pattern. ✔️Firstly one should identify the market phase whether it is in uptrend or downtrend. As the triple top is formed at the end of an uptrend, the prior trend should be an uptrend. ✔️Traders should spot if three rounding tops are forming. ✔️Traders should only enter the short position when the price breaks out from the support level or the neckline. 🟢Stop Loss 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, also taking into the account the key levels below. Thank you for reading! Please give a Thumbs UP and Leave Comment👍🏻
BITSTAMP:BTCUSDEducation
by SignalProvider
8
Triangle Pattern formation in 1 WTF!***Took the position in the stock today!, with same RRR(Risk Reward Ratio) >The simple triangle pattern nothing much as you can see. >The reason I took position is because of the stock's behavior towards EMA's (20EMA,50EMA) which is the important factor of my analysis behind this. > The way the pattern respecting both EMA's is good . >Good formation of the Triangle is also another factor in this volatile market conditions! > Nifty Mid-Cap 150 fell by over 3% today but this stock sustained it smoothly today and ended the day in positive note, this is the representation of strength in the stock. >The MCAP is 12800cr with a decent financials. Let's watch how it will react to the present 'Volatility' ! Happy Trading Mates!!!
NSE:CGCLLong
by AxionAjay