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The triple top buy pattern is a five-column bearish resistance breakout pattern. It marks a triple top buy signal when the 5th column rises above the highs of the 1st and 3rd columns.
With a 5-column pattern, if the high price of the first and third columns is at the same level and a double top buy pattern has yet to occur, it is a probable triple top buy pattern.
The probable triple top buy pattern can help in identifying the triple top buy pattern box-level in advance.
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.