Triple top in AM🧱 1. Pattern: Triple Top
At the top of the chart, you’ll notice the label “Triple top pattern”.
This is a bearish pattern that appears when the price hits the same resistance level three times but fails to break above it.
💡 It usually means the buyers are getting weaker, and the price might start going down.
📉 2. Sell Signal (Breakdown)
The price has dropped below the blue support line, entering what’s marked as the “Sell zone”.
This breakdown confirms the triple top pattern and can be a signal to enter a short (sell) trade , expecting further decline.
🎯 3. Profit Target (Take Profit)
✅ The “Take profits” level is marked below the sell zone, with a potential gain of +3.3%.
This is the target area where traders might want to exit the trade and secure profits if the price keeps dropping.
🛑 4. Stop Loss (Risk Control)
A “Stop loss” is placed just above the breakout area with a 2.6% risk.
This is your safety limit — if the price goes back up instead of down, the trade will automatically close to avoid bigger losses.
📦 5. Volume Profile (Right Side Bars)
On the right side, the yellow and blue bars show the Volume Profile — where the most buying/selling happened.
💡 These zones often act as support or resistance because they show where lots of traders are interested in the stock.
✅ Quick Summary
A Triple Top pattern has formed — a sign the stock may start falling.
The price broke support and entered the sell zone.
There's a profit target set at +3.3%.
A stop loss is placed at 2.6% to manage risk.
Volume data supports these zones as key decision areas.
