Triple Top Pattern

What does Triple Top Pattern mean?

A Triple Top Pattern forms on a price chart when investors are testing an upper limit of a price in a uptrend.

It generally takes several months to form a triple top pattern as price moves off the top once, returns to it, only to move lower once more, and then returns to it a third time completing the triple top pattern.

After the pattern is complete price is likely to move below the bottoms formed previously and once that happens the market is considered to be back in a bear phase. Because of this the triple top is considered a reversal pattern.