PSTP Stock Tickeron detected bearish ETF Pattern: Triple Tops on December 26, 2024

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Triple Tops

PSTP - Innovator Power Buffer Step-Up Stgy ETF

Emerged: 12/26/24

Breakout: $32.08

Price: $32.39

Target price: $31.75

A.I.dvisor detected a bearish Triple Tops pattern for PSTP stock. This pattern was detected on December 26, 2024 . The odds of reaching the target price are 6. The Triple Tops pattern appears when there are three distinct minor Highs (1, 3, 5) at about the same price level. The security is testing the upper resistance level (horizontal line formed by (1, 3, 5). Consider selling the security short or buying a put option at a downward breakout price level. When trading, wait for the confirmation move, which is when the price falls below the breakout level.

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