Triple top and bottom

The Triple Top and Bottom figure belongs to the Head and Shoulders type but it is appears not so often. Graphically it represents three maximum (or minimum) levels that are all on the same level. The model is considered to be complete if prices have crossed the support level crossing to other minimum levels (in case of Triple Bottom figure the resistance level crossing to previous maximum levels).

Triple Top figure formation with deep rollback following it

Fig 1. Triple Top figure formation with deep rollback following it.

This figure is to be confirmed by volume decrease on every next top or by divergence with RSI indicator. Triple Bottom figure is a kind of a specular reflection of the one described above.