What Is A Double-Top Or A Triple-Bottom?

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What is a double or triple-top in a trading vehicle?

A technical pattern when a trading vehicle puts in place two or three highs at nearly the same price level. It can be used in a similar fashion to isolated resistance levels, but may be better utilized to identify a bona-fide breakout in the issue.

An issue may put in place four, five or even more tops in a particular area, which may increase the validity of breakout to the upside.

Related Link: What Is A Resistance Level In A Trading Vehicle?

What is a double or triple-bottom in a trading vehicle?

A technical pattern when a trading vehicle puts in place two or three lows at nearly the same price. It can be used in a similar fashion to isolated support levels, but may be better utilized to identify a bona-fide breakdown in the issue.

An issue may put in place four, five or even more lows in a particular area, which may increase the validity of breakdown to the downside.

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