Technical Glossary / Chart Patterns
Triple Top
Three failed tests of the same high, completed by a break of the support under them.
Teaching sketch. It shows the shape, not a live quote and not a trade signal.
Definition
A triple top extends the double top by one more failure. Three highs in the same area, two pullbacks, and a break of the lows beneath the peaks. The third test is the part that persuades traders the ceiling is real.
How to identify it
Three distinct approaches to one resistance, not one messy high with noise. The support line is the lowest, or the clearest, of the intervening troughs. You choose it before the break, not after.
Bullish reading
A close above the three highs is a breakout from a well-advertised ceiling. The failed top becomes the opposite trade.
Bearish reading
A close under support completes it. Risk is above the most recent high. Three tests do not make the break more certain than a double top. They make the level more obvious.
Common mistakes
Counting every minor wick as a separate test. Tests should be separated by real pullbacks.
Limitations
The pattern takes time, and the support you pick changes the signal. Be consistent rather than hunting the line that already broke.
This note explains the term. A sketch shows the shape of the idea. Neither is a recommendation, a signal, or a comment on any security. Indicator settings and exchange conventions differ. Check the live chart and the contract specification before you use a number.