Triple Top is a powerful bearish reversal pattern that unveils lucrative trading opportunities.
Three equal highs pave the way for a potential trend shift, signaling a market poised for a significant downturn.
As the Triple Top forms, watch for signs of trend fatigue. When the last high falls short of the middle peak, it's a clear indicator that the uptrend is losing steam, paving the way for a stronger decline.
While the Triple Top develops, remain vigilant. It may resemble other patterns like the Double Top, Ascending Triangle, or Rectangle.
Treat the Triple Top as a neutral chart pattern until the breakout occurs, ensuring you make informed trading decisions.
Triple Top is a powerful bearish reversal pattern that unveils lucrative trading opportunities.
Three equal highs pave the way for a potential trend shift, signaling a market poised for a significant downturn.
As the Triple Top forms, watch for signs of trend fatigue. When the last high falls short of the middle peak, it's a clear indicator that the uptrend is losing steam, paving the way for a stronger decline.
While the Triple Top develops, remain vigilant. It may resemble other patterns like the Double Top, Ascending Triangle, or Rectangle.
Treat the Triple Top as a neutral chart pattern until the breakout occurs, ensuring you make informed trading decisions.
At a time when the Indian stock market is peaking and has rallied immensely compared to global markets, there are companies that have not performed in the last 10 years. These are definitely a minor portion of the market considering there are hundreds of stocks that have turned multibagger since 2020. What went wrong with these stocks? Reasons vary from corporate governance, sectoral weakness, company specific and so on. But the more important question is, are these stocks worth buying?
Traders also expressed uncertainty about the situation with China Evergrande, as the indebted property company has not provided clarification about a key interest payment.In economic news, the Commerce Department reported an unexpected increase in U.S. new home sales in August.Crude oil prices climbed Friday and front-month WTI oil futures contracts saw gains for a fifth straight week amid tighter supplies. West Texas Intermediate Crude oil futures for November rose $0.68 or 0.9 percent at 73.98 a barrel. WTI Crude futures gained 2.8 percent for the week.
