bearish triple top pattern

48

In the chart, the price formed a bearish triple top pattern and then broke downward. This downward breakout indicates a potential bearish move, suggesting that the price is likely to fall.

The triple top pattern typically represents a reversal of an uptrend, with three peaks at roughly the same price level. This pattern signals that the buying pressure has weakened and a downtrend may be starting. Since the breakout happened to the downside, it confirms a bearish trend. Thus, those who guessed "Sell" were correct, as the pattern and price action indicate a probable decrease in value.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.