fxstrategist
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The triple top pattern forms when the price of an asset visits three times de same resistance zone, but does not manages to break it. On the daily chart of the Dollar Index we can see that the instrument has visited three time the resistance at the 97.53 level from where it bounces to the downside. The index has been oscillating around the 97.00 level with the 55 day EMA acting as a support. The Dollar Index is actually in a bullish trend, confirmed by the angle of inclination of the 55 and 200 day EMAs. The candle lows have been higher than the previous ones and that is a sign that the bullish pressure is accumulating at the 97.53 level. Its next resistance could be the 98.00 level and to the downside, the 96.00 level could act as support along with the 55 day EMA.
![usdinddec18-d1-activtrades-plc.png](/proxy.php?image=https%3A%2F%2Fcharts.mql5.com%2F19%2F888%2Fusdinddec18-d1-activtrades-plc.png&hash=559329a119ed30a5f178dbaab91c2cc3)