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Triple Top
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| - | A triple top or triple bottom is a price pattern in [[Technical Analysis|technical analysis]] where the market rise or falls three times to a roughly similar level and then reverses. It is a signal that strong [[Support|support]] or [[Resistance|resistance]] exists in those areas and a major change in market direction is likely. | + | A triple top or triple bottom is a price pattern in [[Technical Analysis|technical analysis]] formed when a market rises or falls three times to a roughly similar level and then reverses. It is a signal that strong [[Support|support]] or [[Resistance|resistance]] exists in those areas and a major change in market direction is likely. |
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| | See also: [[Head and Shoulders]] | | See also: [[Head and Shoulders]] |
Revision as of 16:33, 9 June 2009
A triple top or triple bottom is a price pattern in technical analysis formed when a market rises or falls three times to a roughly similar level and then reverses. It is a signal that strong support or resistance exists in those areas and a major change in market direction is likely.
See also: Head and Shoulders