Chart Patterns: Double Tops And Double Bottoms Video
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Double Top and and Double Bottom Chart Patterns. http://www.financial-spread-betting.com/course/double-top-bottom-reversal-pattern.html PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE! You are much more likely to see double patterns than triple patterns. It is almost as common as the head and shoulders reversal pattern.
As you can see, the two peaks are at roughly the same level, showing a weakening in the uptrend. After the second peak, the price violates the trendline, which in itself tells us that the trend is changing. At this stage, it could be headed for a lower slope, or for a period of consolidation. But when the price drops below the previous low point, between the two peaks, this completes the pattern and confirms the reversal signal.
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