Triple Top Pattern: What is it and How to Trade it [Forex Chart Patterns]

The triple top pattern is a bearish reversal pattern that occurs at the end of an uptrend and consists of three consecutive tops with the same resistance level. It is among the most frequently occurring classical chart patterns in technical analysis and is considered highly reliable and accurate.

In this video, we will show you how to identify and trade the triple top pattern. Here’s a quick overview of what you’ll learn:

In the first section, you’ll learn what the triple top is all about. This includes its formation, characteristics, and the signal it provides. We’ll also discuss how you can identify the pattern by drawing support and resistance levels.

Next, we will show you a live trading example where we demonstrate the triple top pattern on a trading chart. In this chapter, our trading analysts show you how to identify and trade the triple top candlestick pattern and spot the exact price level where a trend reversal is about to occur. After watching this video, you’ll know where to enter a trade, set a stop loss, and a take profit order.

At last, we mention the pros and cons of the triple top candle pattern and the key takeaways to keep in mind to identify and trade the pattern.

Let’s get started!

Chapters:

0:00 - Intro
0:42 - How to Identify the Triple Pattern
2:40 - How to Trade the Triple Pattern
5:19 - Pros and Cons
5:59 - Key Takeaways


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