"Triple Top" and "Triple Bottom" - reversal models

Turning Patterns "Triple Top and Triple Bottom has the same economic sense of education as "Double Top and Double Bottom with the only difference being that price attempts to break through a certain level three times to continue the direction of the original trend.

Formation of the Triple Top Model

Mechanism of formation of the "Triple Top" pivot model is as follows: the price, having crossed the level of resistancewhich then becomes support, begins to rise to a new resistance. Having reached it, the price rolls back to the support and again makes efforts to grow, but near the maximums of the first top it again finds no strength to overcome it and rolls back. Then, unlike the double top, the price does not sell out, but makes another - third - attempt to grow, which ends unsuccessfully and, having formed the third peak, the price really starts to fall and overcomes the support level and rushes down, changing the trend.

Practice the "Triple Top" model

It is safest to enter when the price breaks the support level from the top down or when it tests from the bottom. StopLoss It is best to place it above the tops of the prices, and TakeProfit measured by the distance from the support to the highs of the tops.

Practice the "Triple Bottom" model is similar and mirrored.