THE HAndbook oF TEcHnIcAl AnAlysIsFigure 15.21 A Basic Three‐Box Reversal Triple Bottom Bearish Breakout with a
Falling Top.
ascending and descending triple tops and bottoms
Ascending and descending triple top formations are in essence two successive
double top or bottom formations. For an ascending double top formation,
the first double top is breached, followed by the breach of a higher double
top pattern. The reverse applies for descending triple top formations. See
Figure 15.22.
Figure 15.23 depicts a typical ascending triple top in Financial Select Sector
SPDR. Notice the upper Bollinger Band coinciding with the double top breakout.
Figure 15.24 is an illustration of a three‐box descending triple bottom.
spread triple tops and bottoms
Spread triple tops and bottoms are breakout formations that comprise more
than five columns. These wider formations are also considered to be very strong
Figure 15.22 A Basic Three‐Box Ascending Triple Top Breakout.