Learn / Buy and sell signals
Spread Triple Top and Bottom
Triple patterns with a shorter column in between.
A Spread Triple is a Triple Top or Bottom with a shorter column in between the matching ones. The two equal tops (or bottoms) aren't next to each other, but the level is still tested twice.
Spread Triple Top
The rule: two X columns top at the same level, separated by at least one X column that topped lower. A later X column breaks one box above that level.
Spread Triple Bottom
The rule: two O columns bottom at the same level, separated by at least one O column that bottomed higher. A later O column breaks one box below that level.
Why it matters
A spread pattern takes longer to build and produces a wider base than a standard triple. The resistance level was tested twice, so breaking it carries the same meaning as a Triple Top. The wider base also tends to support a larger move (see horizontal counts).
A Spread Triple is easy to miss if you only compare each column with the one immediately before it. Get in the habit of scanning back along the chart for the last time price reached the same level.
For education only. Nothing here is investment advice or a recommendation to buy or sell any security.