Today I want to share a rather rare chart formation with you. The pattern known as "Three Peaks and a Domed House" was made known by George Lindsay.
Both the Three Peaks and the Domes House are distinguished by advances and declines which travel many points in a straight line. But the movements never last very long. In between the few explosive moves, the market spends much of the time backing and filling in a comparatively narrow range. These characteristics usually make it easy to recognize a formation shortly after it begins. And once a formation is under way, it normally lasts a long time. This gives it predictive value.
Three Peaks and a Domed House