Before watching this video, make sure you’ve seen its predecessors on double top buy signals and double bottom sell signals. Watching those videos will help make this one easier to understand. On this week’s video, Tim explains and shows what triple top buy signals and triple bottom sell signals are.
To put it plainly, triple top buy signals and triple bottom sell signals are slightly stronger versions of their double top and double bottom brethren. Their strength comes from the additional columns and time they take to develop. Specifically, a triple top buy signal needs three columns of X’s to exist. While a triple bottom sell signal needs three columns of O’s. A triple top buy signal is slightly more positive than a double top buy signal, and a triple bottom sell signal is slightly more negative than a double bottom sell signal.
The best way to learn what these two patterns look like on a chart is to watch our video! Tim walks through examples of both.