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Technical Analysis Guide

Reversal Chart Patterns - Triple and Double Tops and Bottoms

Other important reversal patterns are:

  • "Triple Top"
  • "Triple Bottom"
  • "Double Top"
  • "Double Bottom"

Here are some sketch examples of price movements with "Triple Top" and "Triple Bottom" patterns:

AlpariAcademy_17.gif

"Triple Bottom" pattern:

AlpariAcademy_18.gif

 

"Double Top" and "Double Bottom" patterns are seen on the charts more frequently:

"Double Top" and "Double Bottom" are weaker reversal signals than "Triple Top / Bottom" and "Head and Shoulders". Double Top patterns looks like this:

There are a lot of false signals among Triple and especially Double Tops and Bottoms, so it is important to make a parallel analysis of market volume, price and oscillators convergence / divergence.

 

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