Triple Top
Three peaks at approximately the same price level separated by two troughs.
How it is identified
Test: three highs within a small percentage of each other, with the lowest intervening trough acting as the completion level
Unit
qualitative
In depth
A triple top is a double top with an additional test, and the extra touch is often argued to make the level more significant — though it can equally be read as a longer consolidation. The formation is closely related to a rectangle, and the distinction between the two is largely which boundary eventually breaks, which is only known afterwards. Because it takes longer to form, there is more opportunity for the interpretation to change mid-way. The entry describes a shape; no view is expressed on what follows it.
Worked example
Highs at ₹534, ₹531 and ₹536, all within 1% of each other, with troughs at ₹486 and ₹491. The formation would complete on a close below ₹486 — and would instead be called a breakout above ₹536.
Illustrative figures, chosen so the arithmetic is easy to follow. Not a live price and not a valuation of any company.
Educational reference only
This entry explains what “Triple Top” means. It is not investment advice and not a recommendation to buy or sell any security. Any numbers above are illustrative, not live prices, and nothing here predicts price direction or rates a stock. Consider your own circumstances and consult a SEBI-registered investment adviser before acting.