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Trading the Triple Top Stock Chart Pattern - Technical Analysis

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Triple Top Pattern: -A reversal pattern. -It forms from a previous uptrend. -You need to be aware that this pattern has the potential to be multiple patterns, and you cannot be sure that it is a triple top until it hits the third point on the resistance line. -Once it breaks under the support line you can enter the trade to the downside or sell it short. -The volume will spike once it breaks the support line. -Remember that this pattern happens over a timeframe of 3-6 months. -Be neutral until it breaks because it could be a sideways pattern. ★ SUBSCRIBE TO MY YOUTUBE: ★ http://bit.ly/addtradersfly ★ ABOUT TRADERSFLY ★ TradersFly is a place where I enjoy sharing my knowledge and experience about the stock market, trading, and investing. Stock trading can be a brutal industry especially if you are new. Watch my free educational training videos to avoid making large mistakes and to just continue to get better. Stock trading and investing is a long journey - it doesn't happen overnight. If you are interested to share some insight or contribute to the community we'd love to have you subscribe and join us! STOCK TRADING COURSES: -- http://tradersfly.com/courses/ STOCK TRADING BOOKS: -- http://tradersfly.com/books/ WEBSITES: -- http://rise2learn.com -- http://criticalcharts.com -- http://investinghelpdesk.com -- http://tradersfly.com -- http://backstageincome.com -- http://sashaevdakov.com SOCIAL MEDIA: -- http://twitter.com/criticalcharts/ -- http://facebook.com/criticalcharts/ MY YOUTUBE CHANNELS: -- TradersFly: http://bit.ly/tradersfly -- BackstageIncome: http://bit.ly/backstageincome
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Text Comments (24)
John DOE (2 months ago)
Thank you Sasha
You're more than welcome. Thank you so much for watching
B Y (2 months ago)
Finally a chart analysis series that I can understand.
Wonderful! Thanks for watching
ctk1982 (5 months ago)
Thank you for posting very easy to understand...
HC (1 year ago)
But it can also break the resistance line and have a potential bullish breakout as well, correct?
Koushik Mullick (1 year ago)
hi Sasha , really appreciate if you can create videos on swing trading. (1) How to find a stock to swing through finviz/BenzingaPRO or any other platform i.e the "SWING SCREENER". (2) Once you get a list of stocks how you are going to select the one which you are going to trade i.e. the "PROBABLE SETUP TO ENTER" .
Koushik Mullick (1 year ago)
fair enough :) . You have 26 videos on the technical indicators , going through this covers almost 90% of the chart technical analysis we need to know for swing trading? If not do you recommend any book / video from where i can learn technical analysis in few hours. I am beginner and novice in trading. Most of the video tutorials i get is from Warrior trading or Tim Grittani is day trading.
Mido Dido (1 year ago)
Thanks i like your videos happy holidays
miguel castelo (2 years ago)
Hi Sasha, can one make a living day trading?
miguel castelo (2 years ago)
Hi Sasha, what do you mean by volume confirmation
pupala dil (2 years ago)
very good
PAVAN P (2 years ago)
Hi Sasha, If we invest in SIP's what happens when there are scenarios like Brexit .. Regards, Pavan P
PAVAN P (2 years ago)
+Sasha Evdakov (TradersFly) thank you sasha
Smart Investor (2 years ago)
3 to 6 month time horizon?? I see triple bottom and triple top on even 1 min charts. could you please clarify?
Smart Investor (2 years ago)
+Sasha Evdakov thanks. do you have any video on how to spot and momentum and when it's ending? 
Smart Investor (2 years ago)
+Sasha Evdakov I am a day trader, so I have to look at 1 mins and 5 mins chart. So you are saying those double top/ bottom and triple top/bottom are not so much effective for day trader. 
kreteman777 (2 years ago)
Why not just trade the channel? Buy when it bounces off support and sell off resistance?
Vidhya Raghu (3 years ago)
U explain in simple n easy terms. Good job!!! I m checking out all ur videos now.
Syed Shah (3 years ago)
Do you think the IPXL has formed a triple top and would fall ?
Nexa (3 years ago)
Brilliant video Sasha! Two years old, yet it's still helpful.
anythinggoodproducts (3 years ago)
Can the triple top pattern break the resistance line and go to the upside
anythinggoodproducts (3 years ago)
youre a good teacher
anythinggoodproducts (3 years ago)
ok thx

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