A worked example that explains the rule, not a stock price. The circle marks the first close beyond the level. The blue line is the target. The orange line is the invalidation. Prices are in the right-hand column, and sessions sit under the volume bar.Hollow green candles closed above their open, and filled red candles closed below it.
Numbers in the example chart
From the same calculation that draws the shape and writes the "Measuring the target" section below.
Trigger level
$101 · at the close of session 68
Target
87$
Invalidation
113$
Pattern height
14$
Chart span
76 sessions
What it is
Three tops at one level. The more often price is rejected at one price, the more weight the level carries · and the more traders wait for it to break.
When the trigger starts and when it fails
Signal
A close below the support line joining the two lows.
The three highsThree rejections at one price. Each repeat adds weight to the level and more traders waiting for it to break.
Support lineThe two lows draw a flat floor.
BreakdownA close below it. ⚠ Stop orders are piled up there, so a false breakdown is more likely here than with a double top.
Recognition rules
Three highs of similar height separated by two lows.
The two lows sit close together and form a flat support line.
Volume shrinks across the three highs.
Confirmation is a close below the support line joining the two lows.
Measuring the target
The height of the pattern (the high minus support) is subtracted from the breakdown point.
Where it fools you
A level tested three times is visible to everyone, so stop orders pile up beneath it. That makes a false breakdown more likely here than with a double top, not less.
Open the daily timeframe for any symbol and draw the pattern yourself. Your drawing is saved per symbol in your browser, and the terminal does not name or detect the pattern.
╱ TrendlineSupport line
⇕ MeasureTarget equals pattern height
We do not detect chart patterns with a numeric rule: telling them apart takes judgment on the chart. Candlestick patterns with a numeric rule are detected daily by the candlestick pattern scanner.
We use cookies and Google tools to measure visits and campaign performance, so we can build what actually helps you. The platform works fully whatever you choose. Details
Hello 👋Our team is online now
Ask us about the free trial, subscribing or a specific tool, and we will walk you through it step by step.
Before you go
Get the market reading when it's worth sending
We don't send daily just to fill your inbox. When the market read changes enough to deserve attention, it reaches your email, along with the data it was built on.
We don't share your email with anyone · every message has a one-click unsubscribe link
