A reversal pattern with three peaks — a higher middle peak flanked by two lower ones. Chart patterns like this one are studied because they tend to repeat across timeframes and instruments, reflecting recurring crowd psychology in price action.
A reversal pattern with three peaks — a higher middle peak flanked by two lower ones. Chart patterns like this one are studied because they tend to repeat across timeframes and instruments, reflecting recurring crowd psychology in price action.
It's one of the most recognized signals of a potential trend reversal. Traders progressing past the basics tend to lean on this more heavily as they start combining multiple concepts into a coherent trading approach.
Confirmed when price breaks below the pattern's "neckline." In practice, traders typically encounter this directly within their trading platform, charting software, or an economic calendar, depending on the specific context in which it arises.
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