Quadruple Buy

Quadruple top breakout is a 7-column bullish resistance breakout pattern. This is an extension of a triple top buy pattern.

The high box-levels of the 1st, 3rd, and 5th columns are at the same level. A new high is formed in the 7th column when the price crosses above the high of the earlier columns.

A high at the same level in each of the first 3 columns of Xs in the pattern shows a very strong resistance level because the price has been reversing from that level. The breakout in the 7th column marks a strong bullish resistance breakout pattern.

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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.