Double Top Trading Strategy. The double top is one of the most popular chart patterns butmost traders get it wronglet me ask youhave you traded the double top pattern only to realize. This double top trading strategy is the perfect profitable strategy for any beginners that would like to start trading double tops.
Double top trading patterns strategy guide pdf june 26 2021 indicators. Pay attention to the time and space between the 2 peaks to filter for higher probability trading setups. It signals that the market is unable to break through a key resistance level.
The identical twin of the double top is the double bottom pattern.
It signals that the market is unable to break through a key resistance level. The double top has four main characteristics. Double tops and double bottoms in trading summed up double tops and double bottoms are trend reversal patterns they are used to determine whether a bearish trend is turning bullish or whether a bullish trend is turning bearish traders will open a. The price target of the double top pattern in length equals the size of the formation.