What it means
Triple top: three swing highs at roughly the same level, separated by two intervening lows. Confirmed on close below the lower of the two intervening lows. Triple bottom: inverse. Less common than double tops/bottoms — by the time three failures occur, most traders have already exited and supply/demand is exhausted.
Why it matters
Triple patterns are higher-reliability than doubles (~79% per Bulkowski vs ~73%) but form less frequently. The three-touch signature shows stronger conviction at the rejection level — buyers/sellers tried three separate times and failed.
How to use it
Use same confirmation rules as double tops/bottoms: close beyond intervening swing low/high with volume expansion. Tolerance for 'equal' peaks: within 3% on daily timeframes. Target = pattern height projected from breakout.
Want a worked example or a deeper dive? Ask Rocky how this concept applies to your specific watchlist or trade idea.
Ask Rocky