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Stoploss.ch

Technical Market Research and Investor Coaching

Delivering technical research of the financial markets
and offering professional guidance for those who wish to improve their trading performance.

Chart Patterns

Triple Top

Pattern Description:

A triple top is used to predict the reversal of a prolonged uptrend. This pattern is identified when the price of an asset creates three peaks at nearly the same price level. The three consecutive tops make this pattern visually similar to the head and shoulders pattern but, in this case, the middle peak is nearly equal to the other peaks rather than being higher. A break below support on high volume after the three tops have been formed is a reversal confirmation.
Triple Top

Featured Video

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Featured Article

An Economy That Cannot Allow Stocks To Decline

by Charles Hugh Smith
An Economy That Cannot Allow Stocks To Decline Is Too Fragile To Survive Feast your eyes on the chart below of the Nasdaq 100 stock market Index, which is dominated by the six FAAMNG (rhymes with "famine") stocks: Facebook (NASDAQ:FB, Apple (NASDAQ:AAPL, Amazon (NASDAQ:AMZN), Microsoft (NASDAQ:MSFT), Netflix (NASDAQ:NFLX) and Google (NASDAQ:GOOG) (NASDAQ:GOGL) which now account for over 20% of the entire U.S. stock market's capitalization. Notice that despite the global...
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Technical Review

A Golden Cross for Platinum

2024-04-29 by Tim Straiton

The current price for platinum is $920 and trading marginally above its 200 day moving average (916.70) and also above its 50 day moving average (918.00). It has now exhibited a golden cross formation which is bullish.

The MACD indicator is currently at the end of a bearish phase and promises to turn to the upside. Expect a rally towards $964, the Fibonacci 61.8% retracement level from the low of 895, based on the recent 895 to 1006 range traded since the midddle of April 2024.


Disclaimer

Our opinions are not a recommendation to buy or sell a security. Your decision whether or not to open a transaction should be based on your own due diligence and not on any representation we make to you.

 

Featured Site

CSTA

Site Description:

Canadian Society of Technical Analysis
http://www.csta.org/