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CyberFreedom
Jun 10, 2018 9:57 PM

Alphabet triple top ? Short

Alphabet Inc.NASDAQ

Description

After retesting the top for three consecutive times the week closed as a shooting star. This pattern is near 6 months old.

Price Target: The distance from the support break to the highs can be measured and subtracted from the support break for a price target. The longer the pattern develops, the more significant the ultimate break. Triple Top Reversals that are 6 or more months old represent major tops and a price target is less likely to be effective.

Source:stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:triple_top_reversal
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