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Chart Patterns: Double Tops and Bottoms #3

The Double Top or Double Bottom pattern are both easy to recognize and one of the most reliable chart patterns, making them a favorite for many technically-orientated traders. The pattern is formed after a sustained trend when a price tests the same support or resistance level twice without a breakthrough. The pattern signals the start of a trend reversal over the intermediate- or long-term. 



                          

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12 comments:

  1. It would have taken me hours and hours of research to ever understand these kind of drawings. Thanks so much for your free stock course that i now understand these chart patterns deeply.

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  2. Recognizing double top and double bottom patterns in a chat shouldn't be a problem..thanks to your write up..Nice one

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  3. As a penny stock trader, this is more than helpful for me. It has made me understand why so much I never even knew about the market.

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  4. I am so enlightened about stock market by just going through thus chart analysis. It is one of the best free stock course I have ever come across.

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  5. This is all good and all but can be very confusing. All I know about the subject so far are investing tips. I still have a long way to go.

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  6. This all looks very interesting but very very confusing for a layman like me. The best cause of action for me would be to take a bit of stock education to know whats going on here.

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  7. The Double Top and Double Bottom pattern is one that a lot of people look out for. It presents a good opportunity to profit as it is relatively predictable.

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  8. Taking the free stock course was a good decision for me. I may not understand everything but I have an idea of the concept here.

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  9. This is a valuable investing tip indeed! I will be watching out for double top and double bottom trends more from now on.

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  10. This will make a good addition to my stock education knowledge. I keep getting a little better everyday.

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  11. The best investing tips are the ones you can identify on your own. This starts by being able to analyze and understand chart patterns.

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  12. Thanks for showing me what the double top and the double bottom is all about. It also shows pattern signals the start of a trend reversal over the intermediate or long-term.

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