Triple top
Price rises to about the same peak three times and fails each time, with a flat line under the dips.
What it shows
A triple top has three peaks at about the same price and two dips between them. A line through the lows of the dips is the neckline.
Compared with a double top it shows more tests of the same level. The pattern is complete only when price closes below the neckline.
How we find it
The same code that draws it on your chart follows these steps, with the same result every time.
- Find three swing highs within 3% of each other, with at least 10 bars between each.
- Draw the neckline through the lowest swing low between the peaks.
- Mark complete when a close falls below the neckline by more than the margin.
Starting values: Peak match within 3%; Minimum bars between peaks 10; Margin 1.0%. These are proposed and will be tuned on real price data before launch.
How to read it
- Red dots are the three peaks.
- The blue line is the neckline.
- Each failed peak shows sellers appearing at the same price.
Status labels you may see
| Label | What it means |
|---|---|
| Forming | Three peaks, neckline not broken. |
| Testing the neckline | Within 2% above it. |
| Neckline broken | Close below the neckline. |
What cancels it
A close above the highest of the three peaks.
What traders check next
- Volume on each peak.
- Time between peaks.
- Whether the dips are getting deeper.
Limits
- Often looks like a range.
- Equal peaks are a matter of tolerance.
- Rare compared to double tops.
Try it in forecastviz
- Open any ticker and choose Reversal patterns → Triple top in the left menu.
- Switch between 6M, 1Y, 3Y to see how the picture changes.
- Compare with Double top and Triple bottom on the same chart.
Questions
Is it stronger than a double top?
More tests of the level do not prove more. We make no claim.
Is it a trading range?
It can be. The difference is the break of the neckline.
Related trends
Further reading
- Edwards and Magee, Technical Analysis of Stock Trends
- Bulkowski, Encyclopedia of Chart Patterns
- Murphy, Technical Analysis of the Financial Markets
Educational only. Not financial advice, and not a price forecast. Charts are drawn by code from past price data, which may be delayed.