Triple Top
Chart PatternsA bearish reversal pattern where the price reaches the same resistance level three times, failing each time. The break below the support connecting the pullback lows confirms the pattern.
What Is a Triple Top?
A triple top forms when price tests a Resistance level three times without breaking through, with two pullbacks between the peaks. The three highs should be at approximately the same level. A horizontal line connecting the pullback lows forms the support (or neckline) of the pattern.
Three failed attempts at the same level demonstrate persistent selling pressure and strongly suggest that buyers cannot overcome resistance.
How to Trade It
Confirmation comes when price breaks below the support line (neckline). On GBP/USD, enter short on the break with a stop above the three peaks. The target is the height of the pattern projected downward from the break point.
Because the pattern takes longer to form than a Double Top (requiring three tests instead of two), the resulting reversal often has more momentum behind it.
Triple Top vs. Range
A triple top can initially look like a Range-bound market. The distinction matters: in a range, you expect the price to continue bouncing between support and resistance. In a triple top, you are watching for the support break that signals the end of the Uptrend. Declining momentum indicators (like RSI making lower highs while price makes equal highs) help distinguish a triple top from simple ranging.
Related Terms
Triple Bottom
A bullish reversal pattern where the price tests the same support level three times, bouncing each time. The break above the resistance connecting the bounce highs confirms the pattern.
Double Top
A bearish reversal pattern where the price reaches the same high twice with a pullback in between, forming an "M" shape. The break below the middle trough confirms the reversal.
Head and Shoulders
A bearish reversal chart pattern with three peaks where the middle peak (head) is the highest and the two outer peaks (shoulders) are roughly equal. The neckline break confirms the reversal.