POINT AND FIGURE LIBRARY

The Chart Formations
The Spread Triple Top and Spread Triple Bottom

The name speaks for itself. In the spread triple top, the levels of resistance are spread out, not tightly bunched together. Look at the formation BP made following the lows of September11th 2001.

Look at the base between 500p and 535p. The disequilibrium which occurred when the price traded at 545p was as obvious as it could be, which is why I suggested in Investors Chronicle of 11th January 2002 that readers should buy at that price. Note also that the breakout was followed by an ascending triple top.

The converse formation is the spread triple bottom.

Next: The Triple Top and Triple Bottom with Long Tail

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