Triple Top is bearish pattern signals. Traders can indicate as triple top is when there are three top from a head and shoulders top at the same level. A triple top occurs when prices are in an uptrend. Prices rise to a resistance level, retreat, return to the resistance level again, retreat, and finally, return to that resistance level for a third time before declining. In a classic triple top, the decline following the third peak marks the beginning of a downtrend. The pattern is complete when prices decline below the lowest low in the formation.
How to trade this pattern?
Go short below the neckline (support level) when the price breaks from (its third peak) above, the most likely price direction is now DOWN. Place your stop couple above its third peak price! Your target must be at least twice the distance from it's third peak break to the neckline.
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