The factors we need to form a top... ECB needs to stop talking about rising inflation MKt needs to be a able to pinpoint when rates are going down in europe FED needs to stop lowering rates. zero for 3 so every euro correction is a buying opportunity....
Technically it would be a chart pattern and not an "indicator". As far as the pattern goes it's certainly possible. But the higher low at 1.5500 would make me a little cautious. Also it seems I've heard/read somewhere that triple tops tend to be rare.
not a long enough time frame for a tripple top, more of a consolidation. and ECB isn't going to change course yet
I clearly see it on a 4 hour chart and the daily or course. I don't trade off charts this size but it sure was a nice intraday short if you were trading at the time the triple top occurred. The 4 hour from a technical standpoint, is looking like a short if we can break the upper TL support. I imagine if we crack the .5913 area she's gonna go nice and fast - I'm sure there are a ton of stops above that area.
I take it you're looking at a longer term chart? Price hit .5757 area (pivot as well as the upper TL support) and bounced up approx 30pips. We've since broken the .5757 support.