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Triple top buy is a 5-column bullish resistance breakout pattern.
High box values in the first and third columns in the pattern are at the same level, which indicates strong resistance and supply coming at that price level.
Price crosses above these resistance levels in the fifth column and generates a double top buy pattern. Because it is above the previous two column tops which were at the same level, it is known as a triple top buy pattern.
A strong resistance level has been breached and a bullish trade opportunity is presented.
Triple top buy is a traditional P&F 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.