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.
For some time, Mr. Durov and a few dozen staffers had no fixed headquarters, but rather traveled the world, setting up shop in one city after another, he told the Journal in 2016. The company now has its operational base in Dubai, though it says it doesn’t keep servers there.Mr. Durov maintains a yearslong friendship from his VK days with actor and tech investor Jared Leto, with whom he shares an ascetic lifestyle that eschews meat and alcohol.
Spiking bond yields driving sharp losses in tech stocks
A spike in interest rates since the start of the year has accelerated a rotation out of high-growth technology stocks and into value stocks poised to benefit from a reopening of the economy. The Nasdaq has fallen more than 10% over the past month as the Dow has soared to record highs, with a spike in the 10-year US Treasury yield acting as the main catalyst. It recently surged to a cycle high of more than 1.60% after starting the year below 1%. But according to Jim Paulsen, the Leuthold Group's chief investment strategist, rising interest rates do not represent a long-term threat to the stock market. Paulsen expects the 10-year yield to cross 2% by the end of the year.
A spike in interest rates and its impact on the stock market depends on the economic backdrop, according to Paulsen. Rising interest rates amid a strengthening economy "may prove no challenge at all for stocks," Paulsen said.
