David
David Patrick has traded bond futures,spreads,equities and options for over 20 years. He graduated from The Ohio State University with a degree in Finance, in 1995. He started his business career as a Trust Tax Accountant for National City Bank. He became an Investment Advisor at Olde Discount Stockbrokers in 1998. Five years later he became a top trader for Elite Trading LLC. At this hedge fund, David led a team of traders specializing in bond future spreads to an impeccable track record. In 2008 he branched out on his own and became a very successful Independent Trader. On January 25th, 2013 he successfully launched Fitzstock Charts Premium Service. This elite trading service has helped traders around the world learn his proprietary trading methodology.
Hey David, how would one distinguish between an MA pattern and a triple top? Do MAs take less time to develop?
MA is not a triple top.
Also, you do not short til the bottom of the A (which has a lower high than the M)
In an MA the resistance line would also get hit 3 times before being rejected and completing the A. Triple top, resistance gets hit 3 times and breaks to the upside. I think that’s what’s a little unclear. I realize that none of the triple tops you’ve posted are MAs. The chart I had in mind particularly is LNG where it looks like MA could be forming.
LNG is not a typical “M A” topping pattern.