| Triple Top The pattern is formed by three rallies (1,2,3), on the third rally it pushes past the resistance line formed by the first two. The third column will rise past the resistance line an equal distance to that of the bottoms. |
 |
| Breakout of a Spread Triple Top This pattern is a variation to the triple top except that on the third rally it fails to reach the resistance line. On the fourth move it breaks past the resistance line and should rise an equal amount to that of it’s bottoms. |
 |
| Ascending Triple Top Another variation of the triple top except in this case each consecutive top is higher than the last. However this pattern does not give a price objective like the triple top. The signal in this variation is to buy on the breakout. |
 |
| Upward Breakout of a Bullish Resistance Line A variation of the ascending triple top except in this case there is a fourth consecutive top is higher than the last. The signal in this variation is to buy on the breakout. |
 |
| Upward Breakout of a Bearish Resistance Line This pattern consists of a consecutive series of lower highs. When the price breaks through the resistance line a buy signal is given. |
 |
Source:
ChartFilter.com
Newest comments