Technical Market Research and Investor Coaching

Delivering technical research of the financial markets
and offering professional guidance for those who wish to improve their trading performance.

Chart Patterns

Triple Top

Pattern Description:

A triple top is used to predict the reversal of a prolonged uptrend. This pattern is identified when the price of an asset creates three peaks at nearly the same price level. The three consecutive tops make this pattern visually similar to the head and shoulders pattern but, in this case, the middle peak is nearly equal to the other peaks rather than being higher. A break below support on high volume after the three tops have been formed is a reversal confirmation.
Triple Top

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How to use the Metastock Forecaster

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Featured Article

An Economy That Cannot Allow Stocks To Decline

by Charles Hugh Smith
An Economy That Cannot Allow Stocks To Decline Is Too Fragile To Survive Feast your eyes on the chart below of the Nasdaq 100 stock market Index, which is dominated by the six FAAMNG (rhymes with "famine") stocks: Facebook (NASDAQ:FB, Apple (NASDAQ:AAPL, Amazon (NASDAQ:AMZN), Microsoft (NASDAQ:MSFT), Netflix (NASDAQ:NFLX) and Google (NASDAQ:GOOG) (NASDAQ:GOGL) which now account for over 20% of the entire U.S. stock market's capitalization. Notice that despite the global...

Technical Review

Dax - How much upside potential can be expected?

2024-01-24 by Timothy Straiton

The German Dax index surged over one percent today driven by positive earnings results as well as January's PMI data and its impact on the future ECB's monetary policy.

While the short term technical outlook remains bullish with higher highs and higher lows, the monthly chart displays worrying signals, in particular bearish divergence on the 14 month relative strength indicator. The 161.80 percent Fibonacci upside projection target from the 2003 lows, suggests a push towards the 17500 area before a change in the current bullish market perception makes its presence felt.


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Site Description: delivers an easy-to-use guidance in global stock selection for investors who wish to generate above-average returns on their portfolio. The Stoxxtip stock scanning module covers four major stocks markets and selects index constituent companies which have delivered the highest performance over the past 40 weeks.The scanning module is updated at the end of each trading week.