By Islam BarakaDefinitions
In plain terms
It extends a double top with a third comparable test and a projected neckline through the two trough anchors.
Technical
The selected close-only contract requires a high-low-high-low-high pivot sequence, comparable three-way tests, retracements, prior rise, and a later strict downside break.
Scope
Three resistance visits do not confirm a reversal until the causal neckline rule passes.
Formula
three comparable highs, two troughs, projected neckline, then strict downside breakH-L-H-L-H,\quad C_t<N_t| Symbol | Meaning | Unit |
|---|---|---|
N_t | projected neckline | price |
Output unit: pattern state
Examples
- A reviewer computes Triple Top on a deterministic close fixture and checks pivot timing, threshold equality, neckline behavior, and rejection diagnostics before publication.
Common misconceptions
- Three resistance visits do not confirm a reversal until the causal neckline rule passes.
Concept relationships
Prerequisites
Related
Where this concept is used
Evidence and governance
- Members' Guide to 2021 Refresher Readings CFA Institute · first party methodology
Supports: preferred label, short definition, technical definition, formula
Limits: The curriculum does not prescribe this package's pivot window, numeric thresholds, causal state machine, or performance claim.
- Foundations of Technical Analysis: Computational Algorithms, Statistical Inference, and Empirical Implementation Lo, Mamaysky, and Wang · first party technical publication
Supports: preferred label, short definition, technical definition, formula
Limits: The paper's smoothing, sample, and empirical design are not copied into this package and do not validate its thresholds.
- Pine Script repainting concepts TradingView · official platform documentation
Supports: preferred label, short definition, technical definition, formula
Limits: Platform display behavior does not establish financial usefulness or predictive value.
- scipy.signal.find_peaks SciPy · first party technical publication
Supports: preferred label, short definition, technical definition, formula
Limits: This retrospective signal function is not itself a causal OHLC pivot detector.
- Pine Script pivot techniques TradingView · official platform documentation
Supports: preferred label, short definition, technical definition, formula
Limits: The package freezes its own equality, separation, and OHLC policies rather than claiming one universal pivot definition.
- Reviewed by
- fintech-builder-batch-012
- Last reviewed
- 2026-08-10
- Next review
- 2027-08-10
- Record status
- evidence reviewed
This record is evidence-reviewed and readable, but not yet promoted to published — it is served noindex,follow and excluded from the sitemap.