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What is the Triple Peak Formation? A three-top chart is a pattern that shows the end of an uptrend and the beginning of a downtrend. In the relevant model, there are three peaks above the support level. Here, the first peak occurs with a strong buying trend and then declines to the neckline.

and Double top formation is also known as “M'' formation. It indicates that the trend will move downward as a result of a long-term upward movement.