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:

Here is the "Triple Bottom" pattern:

"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.

Warning: This document does not constitute an offer or a recommendation to enter into any transaction. All views and statements expressed are believed to be true and accurate when published. Any person relying on this information to trade does so entirely at his/her own risk. The markets can be very volatile. Prices may move rapidly against you, and past performance is not necessarily a guide to future performance.