Simple Triple Top ( Reversal Pattern )

4 thg 2, 2023

1) . As we know Triple Top is a Reversal pattern from Bullish to Bearish
2) We can see the stock is in uptrend for sometime and slowly losing momentum
3) Then it forms Three tops with all tops containing Shooting star price rejection candle as well
4) After third top touch if breaks below Neckline resistance , we have to wait till it retest and then enter
5) You can short / Sell the stock if retests and go back further down.
6) STOPLOSS - This can be set slightly above the Neckline
7) TARGET - This we can set as same as the width of the pattern itself.