- Triple Top
- A pattern used in technical analysis to predict the reversal of a prolonged uptrend. This pattern is identified when the price of an asset creates three peaks at nearly the same price level. The bounce off the resistance near the third peak is a clear indication that buying interest is becoming exhausted. It is used by traders to predict the reversal of the uptrend.
The three consecutive tops make this pattern visually similar to the head and shoulders pattern but, in this case, the middle peak is nearly equal to the other peaks rather than being higher. Many traders will enter into a short position once the price of the asset falls below the identified support level (shown by the black line in the chart above)
Investment dictionary. Academic. 2012.
Look at other dictionaries:
Triple Top/Bottom — In technical analysis, a price pattern similar to the head and shoulders except that the three peaks or troughs are at about the same level. (Figure 7.) ► See also Head and Shoulders, Technical Analysis … Financial and business terms
Triple J — City of license Various Broadcast area Australia: FM, internet, di … Wikipedia
Triple H — during his ring entrance. Ring name(s) Triple H Hunter Hearst Helmsley Jean Paul Lévesque Terra Ryzin Billed height … Wikipedia
Triple Changer — Triple Changers (Triplebots for Autobots and Tripletrons for Decepticons in Japan) are Transformers that can transform from robot into two different alternate modes. Contents 1 Transformers: Generation 1 1.1 Transformers: Generation 2 2 Beast… … Wikipedia
Triple j tv — (formerly jtv) is the name given to a series of Australian television programmes which started broadcast in July 2006 as a television spin off of national radio broadcaster Triple J. They are broadcast on ABC1 and ABC2 as well as available online … Wikipedia
Triple XXX — is a brand of root beer made in the United States.History18951895 saw the start of The Galveston Brewing Company at 34th and Post Office Streets in Galveston, Texas. It was started by Anheuser Busch along with some local investors.The brewery had … Wikipedia
Triple-A (baseball) — Triple A (or Class AAA) refers to the highest level of play in minor league baseball in the United States and Mexico. Contents 1 Purpose 2 Leagues 3 Current teams 3.1 International League … Wikipedia
Triple Gold Club — Prix remis Médaille commémorative Description Joueur ayant remporté à la fois les Jeux Olympiques, les championnats du monde et la Coupe Stanley. Organisateur IIHF … Wikipédia en Français
triple-A — ˌtriple ˈA adjective FINANCE a triple A rating for a company shows that it is one of the safest to lend money to: • It s the only major bank based in New York that still has a triple A credit rating. * * * Ⅰ. triple A UK US adjective FINANCE ►… … Financial and business terms
Top Gear (2002 TV series) — Top Gear Top Gear logo since 2002 Genre Motoring Directed by Brian Klein Presented … Wikipedia