Triple Top

A triple top is a bearish chart pattern in technical analysis where the price of an asset forms three distinct peaks at roughly the same level, separated by two intervening troughs, indicating that the security has repeatedly failed to break above a resistance zone.

Traders watch for a confirmed break below the intervening low (the neckline) as a signal that upward momentum is exhausted, often prompting short positions or profit‑taking; for example, if a stock rallies to $50 three times but cannot sustain higher prices, a subsequent drop below the recent trough around $45 may suggest the start of a downtrend.