Triple Top Pattern:
-A reversal pattern.
-It forms from a previous uptrend.
-You need to be aware that this pattern has the potential to be multiple patterns, and you cannot be sure that it is a triple top until it hits the third point on the resistance line.
-Once it breaks under the support line you can enter the trade to the downside or sell it short.
-The volume will spike once it breaks the support line.
-Remember that this pattern happens over a timeframe of 3-6 months.
-Be neutral until it breaks because it could be a sideways pattern.
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Awesome video & very easy to understand, now I understand why Indians no one brokerage platform recommend your video. Thanks for your efforts 🙂
Would you say that the triple top pattern is the same as Head and Shoulders pattern ?? If not then what is the difference ??
Would you say we are at a triple top reversal now? Bearish….more downside? From Octobers sell off it's been crazy volatility. Will spy hit 2300?
Thank you Sasha
Finally a chart analysis series that I can understand.
Thank you for posting very easy to understand…
But it can also break the resistance line and have a potential bullish breakout as well, correct?
hi Sasha , really appreciate if you can create videos on swing trading. (1) How to find a stock to swing through finviz/BenzingaPRO or any other platform i.e the "SWING SCREENER". (2) Once you get a list of stocks how you are going to select the one which you are going to trade i.e. the "PROBABLE SETUP TO ENTER" .
Thanks i like your videos happy holidays
Hi Sasha, can one make a living day trading?
Hi Sasha, what do you mean by volume confirmation
very good
Hi Sasha,
If we invest in SIP's what happens when there are scenarios like Brexit ..
Regards,
Pavan P
3 to 6 month time horizon?? I see triple bottom and triple top on even 1 min charts. could you please clarify?
Why not just trade the channel? Buy when it bounces off support and sell off resistance?
U explain in simple n easy terms. Good job!!! I m checking out all ur videos now.
Do you think the IPXL has formed a triple top and would fall ?
Can the triple top pattern break the resistance line and go to the upside