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Re: Triple Tops

By: Zimbler0 in 6TH POPE | Recommend this post (0)
Thu, 06 Apr 23 9:48 PM | 30 view(s)
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Msg. 41630 of 60008
(This msg. is a reply to 41618 by Decomposed)

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What Is a Triple Top?

The triple top is a type of chart pattern used in technical analysis to predict the reversal in the movement of an asset's price. Consisting of three peaks, a triple top signals that the asset may no longer be rallying, and that lower prices may be on the way.

http://www.investopedia.com/terms/t/tripletop.asp
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Hmmmm. . .
Does this mean gold is likely to go down soon?

Zim.




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Mad Poet Strikes Again.


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The above is a reply to the following message:
Triple Tops
By: Decomposed
in 6TH POPE
Thu, 06 Apr 23 2:19 PM
Msg. 41618 of 60008

Every trader worth his salt knows that 'triple tops' are exceedingly rare. We are either going to see a triple top in gold in the coming two weeks... or we won't.

I know which way I'm betting.


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