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
Forex Triple Top Chart Pattern Example (GBP/USD 4 Hour 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.