The price rushed to the same position three times, but was pushed back by selling pressure.
The first time it couldn't go up, you can consider it a normal pullback;
The second time it couldn't go up, you can feel the push starting to become strenuous;
The third time it still couldn't go up, the bulls can no longer muster new strength.
The surface of the chart is oscillating, what is actually happening is:
The upward momentum is consumed in repeated attempts.
What truly determines the direction is not these three tests, but:
Whether the lower edge of the range has been broken.
Breaking down represents that the buying power is unable to pull the price back into the oscillation range, and the trend truly shifts from 'unable to push up' to 'starting to go down'.
The backtest after breaking is the last step to verify market sentiment.
Can stand back = oscillation continues;
Unable to stand back = downtrend officially starts.
So, there are only two things to pay attention to regarding the triple top:
1. Is the top continuously showing specific actions of 'unable to go up' (test failure)
2. After breaking the lower edge of the range, can the backtest stand back up?
Other pattern names are not important. I do intraday trading relying on this 'structural strength observation' method, focusing on what I can learn more about technical patterns#亚洲家族办公室加密资产配置 $BNB
