Triple and Double Tops and Bottoms
Other important reversal patterns are:
- "Triple Top"
- "Triple Bottom"
- "Double Top"
- "Double Bottom"
Here are some sketch examples of price movements with "Triple Top" and "Triple Bottom" patterns:
"Triple Bottom" pattern:
"Double Top" and "Double Bottom" patterns are seen on the charts more frequently:
"Double Top" and "Double Bottom" are weaker reversal signals than "Triple Top / Bottom" and "Head and Shoulders". Double Top patterns looks like this:
There are a lot of false signals among Triple and especially Double Tops and Bottoms, so it is important to make a parallel analysis of market volume, price and oscillators convergence / divergence.
