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Ascending Triple Top

An Ascending Triple Top Breakout is in the simplest of terms a Double Top Breakout that has formed one directly after the other. This is when three X-Columns increase with each breakout. An ascending triple top are formed by three X-Columns and two O-Columns, there for this pattern is just as wide as a Triple Top Breakout. The highs show underlying strength that is indicative of an uptrend. An Ascending Triple Top Breakout can indicated either a continuation or reversal pattern.

Breakout of a Spread Triple Top

The Spread Triple Top Breakout is just like the Triple Top Breakout, except for the fact that it is measured over a greater amount of columns.

A Spread Triple Top Breakout will need to consist of a minimum of two extra columns, this means that it will need to consist of at least seven columns wide. With an additional O-Column and an additional X-Column that will form highs below the resistance level. These columns are the ones that add the width to the Triple Top Breakout.

A Spread Triple Top Breakout is confirmed when a break above the resistance level formed by the two previous X-columns. A Spread Triple Top Breakout can form over a number of columns but is ideal with only seven columns in total.

Double Bottom

The double bottom is a variation of the triple bottom pattern. You will note the two lowest lows are virtually equal in depth.

After the creation of the second low the price movement then moves upward and breaks the neckline, and bullish signal is given. The rise can be expected to reach a similar height above the neckline that it came up from at its lowest point below the neckline. Also note that the trend line is broken before the breakout.

Rectangle

This pattern is formed by the X-columns and O-columns not being able the breech either support or resistant levels that have been formed. Upon a breech of either level will form a signal. With a new direction being achieved to the same distance as the gap between the support and resistance levels. In the example provided the buyers have out numbered the sellers and rose to a level equal to the distance from the support level to the resistance level.

Trend Reversal Inverted Head & Shoulders

The inverted head and shoulders has historically been considered very reliable reversal pattern. The numbered 1 O-Column low forms the first shoulder. The numbered 2 O-Column forms the Head. The last O-Column number 3 forms that last shoulder. Finally followed by a buy signal as it crosses the neckline. With the length of the O-Column that formed the Head, which should give an indication of the strength of the reversal.

Trend Reversal Triple Bottom

A Triple Bottom pattern is constructed of three lows testing the same support level. Once the third low has formed and the price rises towards the neckline, a bullish signal could be considered. An expected rise has historically shown to be close to the height formed between the neckline to the low.

Triple Top

A triple top is created when two  X-columns are unable to breech a resistance level. On the third X-Column the buyers out number the sellers and a break out occurs. The last X-column has historically shown that it will rise the same distance to that of the bottoms.

Upward Breakout of a Bearish Resistance Line

A buy signal may be considered when looking at a Bearish Resistance Line when the buyers out weigh the sellers and a breakout has occurred. This should also be used in conjunction with other analysis, as historically this has not also been a consistent signal.