Diagonal Triple Top

The diagonal triple top buy pattern is a variation of the triple top buy pattern. It is a 5-column bullish pattern.

In the third column of X, there is a double top buy pattern but the number of boxes above the high of the previous column is 2 or less. It shows that the price did not move much after the double top buy pattern. In the fifth column, price crosses above the high of the third column and generates a double top buy pattern. It becomes a diagonal triple top buy pattern. All rules of trading triple top buy patterns apply to this pattern as well. It is a bullish resistance breakout pattern but there was a weak breakout in the 3rd column.

It is a major bullish formation.

This pattern can be plotted on the chart by adding it from the study menu in TradePoint & RZone. The pattern is also available in the system builder section. By combining this pattern with other patterns and indicators, you can create your own trading strategies. For any group of stocks and market segments, you can scan and backtest stocks based on those strategies.