🧱 1. Pattern: Triple Top
At the top of the chart, you’ll notice the label “Triple top pattern”.
This is a bearish pattern that appears when the price hits the same resistance level three times but fails to break above it.
💡 It usually means the buyers are getting weaker, and the price might start going down.
📉 2. Sell Signal (Breakdown)
The price has dropped below the blue support line, entering what’s marked as the “Sell zone”.
This breakdown confirms the triple top pattern and can be a signal to enter a short (sell) trade, expecting further decline.
🎯 3. Profit Target (Take Profit)
✅ The “Take profits” level is marked below the sell zone, with a potential gain of +3.3%.
This is the target area where traders might want to exit the trade and secure profits if the price keeps dropping.
🛑 4. Stop Loss (Risk Control)
A “Stop loss” is placed just above the breakout area with a 2.6% risk.
This is your safety limit — if the price goes back up instead of down, the trade will automatically close to avoid bigger losses.
📦 5. Volume Profile (Right Side Bars)
On the right side, the yellow and blue bars show the Volume Profile — where the most buying/selling happened.
💡 These zones often act as support or resistance because they show where lots of traders are interested in the stock.
✅ Quick Summary
A Triple Top pattern has formed — a sign the stock may start falling.
At the top of the chart, you’ll notice the label “Triple top pattern”.
This is a bearish pattern that appears when the price hits the same resistance level three times but fails to break above it.
💡 It usually means the buyers are getting weaker, and the price might start going down.
📉 2. Sell Signal (Breakdown)
The price has dropped below the blue support line, entering what’s marked as the “Sell zone”.
This breakdown confirms the triple top pattern and can be a signal to enter a short (sell) trade, expecting further decline.
🎯 3. Profit Target (Take Profit)
✅ The “Take profits” level is marked below the sell zone, with a potential gain of +3.3%.
This is the target area where traders might want to exit the trade and secure profits if the price keeps dropping.
🛑 4. Stop Loss (Risk Control)
A “Stop loss” is placed just above the breakout area with a 2.6% risk.
This is your safety limit — if the price goes back up instead of down, the trade will automatically close to avoid bigger losses.
📦 5. Volume Profile (Right Side Bars)
On the right side, the yellow and blue bars show the Volume Profile — where the most buying/selling happened.
💡 These zones often act as support or resistance because they show where lots of traders are interested in the stock.
✅ Quick Summary
A Triple Top pattern has formed — a sign the stock may start falling.
- The price broke support and entered the sell zone.
- There's a profit target set at +3.3%.
- A stop loss is placed at 2.6% to manage risk.
- Volume data supports these zones as key decision areas.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.