Sunday, December 8, 2013

TRIPLE TOP REVERSAL


TRIPLE TOP REVERSAL is a bearish reversal pattern, there are three equal highs with a support break.
Step 1-Prior Trend: There is an uptrend.
Step 2-Three Highs: all three highs are nearly same, establishing a resistance.
Step 3-Support Break: a support is broken the we have a reversal patterns.
Step 4-Support Turns Resistance: Broken support becomes potential resistance.

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