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Triple Top

By Luca Moschini
A triple top is a bearish technical pattern that consists of three near-identical highs followed by a breakdown below the support area. Typically a triple top is used in technical analysis to predict the reversal in the movement of an asset's price, in this case bearish. However, in addition to price holding below the breakdown area, increased volume activity is also needed to validate that a bearish reversal is, in fact, happening.


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