Wednesday, April 26, 2006
Triple Top
A triple top is considered to be a variation of the head and shoulders top. Often the only thing that differentiates a triple top from a head and shoulders top is the fact that the three peaks that make up the triple top are more or less at the same level. The head and shoulders top displays a higher peak - the "head" - between the two shoulders.
According to experts including Murphy, making a distinction between these two patterns is largely academic because they both imply the same thing.1 They are both "reversal" patterns of an upward trend in a stock. The triple top marks an uptrend in the process of becoming a downtrend.
http://www.recognia.com/reference/patterndescr_tt.htm
According to experts including Murphy, making a distinction between these two patterns is largely academic because they both imply the same thing.1 They are both "reversal" patterns of an upward trend in a stock. The triple top marks an uptrend in the process of becoming a downtrend.
http://www.recognia.com/reference/patterndescr_tt.htm
# posted by Cherie : 3:32 PM
