Forex Triple Top Chart Pattern

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Written by Jef De Wilde

The triple top is a rare top reversal pattern and is usually found in up trends. The trading pattern is characterized by three tops that are almost equal in height and a trendline (support) connecting the lows in the triple top. The pattern is confirmed on a sustained break of support. Stops are usually placed above the most recent level of resistance or the third top.

Forex Triple Top Chart Pattern Example (USD/JPY Daily Chart)


Forex Triple Top Trading Ideas

Conservative forex traders: wait for a sustained break of the neckline.
Aggressive forex traders: sell in the vicinity of the third top. Look for bearish reversal candlestick patterns to enter a low risk - high reward trade with a tight stop loss placed above the third top.



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