Triple Tops
A double top can become a triple after growing another peak near the same price. Let us take a closer look at this medical miracle to see how traders recognize it.
Exhibit 15.1 shows two examples of real triple tops and one implant.
The triple top at A has three peaks near the same price after the stock trends upward into the chart pattern. The stock becomes a base jumper and confirms the chart pattern on the way down through the horizontal red line.
The middle triple top, at B, is also a triple top with the same features as A. The skydiver pops his chute, and the drop ends soon after.
KEY POINT:
A triple top is a three-peak pattern ...
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