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This is a five-column triple top pattern with an additional condition.
A triple top breakout is also a bear trap pattern, which indicates that a bearish double bottom sell pattern in the previous column failed, triggering a bear trap.
In addition to being a resistance breakout pattern, it also indicates that the bears are trapped.
This pattern can be plotted on the chart by adding it from the Add study menu in TradePoint & Patterns in 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.