Triple Top in Forex

A triple top is a potential bearish reversal pattern formed by three major highs in a similar resistance area, separated by downward pullbacks.

It normally develops after an advance and is confirmed only when price breaks below the support created by the intervening pullback lows.

How to Recognise It

Look for a mature rise followed by three distinct tests of approximately the same resistance zone.

Between the highs, price should pull back toward a recognisable support or neckline area.

The three tops do not need to match to the exact pip. The useful feature is repeated rejection from the same broad resistance area.

How to Read It

Repeated rejection can show that buyers have failed several times to push price higher.

However, three similar highs can also be part of a range. The classical bearish reversal is not confirmed until price closes meaningfully below the intervening support.

Confirmation Matters

A tidy shape is not enough on its own. In Piplix chart reading, the pattern should be judged together with the prior trend or impulse, nearby levels, and the final closed candle. When a breakout or neckline break is part of the pattern, confirmation should come from a meaningful close through the boundary rather than a wick-only probe. Any measured-move target is an estimate for structure analysis, not a promised destination.

Key Takeaway

Three highs create the shape; the break below intervening support provides the confirmation.