Triple tops and bottoms

Triple tops and bottoms are the version of the head and shoulders pattern, but it occurs much less frequently.

Technical analysts often disagree on whether it is a head and shoulders pattern or it is the triple tops and bottoms pattern, which is actually irrelevant, because the effects of these two patterns are the same. Traffic is reduced in each of the three tops and it increases when price breaks the neckline.

triple tops and bottoms forex basic patterns pattern

Triple tops and bottoms

Triple bottoms

Triple bottoms pattern represents three bottoms and two tops.

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Using a pattern with triple bottom

The purchase opportunity occurs, when price exceeds the resistance line, which connects two tops. Be careful, because the pattern forms the third bottom after a long term declining trend.

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Determine the level of exit positions

Determine the exit level by using value of the entry and add the value of the height of the sample.

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triple tops and bottoms triple bottoms forex patterns basic pattern

Triple bottom pattern

Triple tops

A pattern with triple tops represents three equal tops, surrounded by two bottoms.

Using a pattern with triple tops

The purchase opportunity occurs, when price falls below the support level, formed by both bottoms. Be careful, because for the pattern both tops must be the same size.

Determine the level of exit positions

Determine the exit level by using value of the entry and subtract the height of the pattern.

triple tops and bottoms triple bottoms forex patterns basic pattern

Triple top pattern

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