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Trading based on Double Top and Double Bottom

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Siemens

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double top and double bottom are very well-known and quite accurate patterns.
#136 - December 09, 2022, 04:38:47 AM

Timon

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Double top and bottom candles are very influential and accurate on large timeframes.

This is a pattern that is easy to understand, how to read it just by knowing the area of 2 candles up or down and place an opposite order from the candle.
#137 - December 11, 2022, 03:25:42 AM

Vernalta

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using this pattern you should be able to understand it as a reversal of direction
#138 - December 23, 2022, 01:06:01 AM

Dyandra

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trading based on double top and bottom is good where trading like this will always win
#139 - January 01, 2023, 06:27:43 AM

Vernalta

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so it's also good when your name has a pattern like that I will support it all
#140 - January 04, 2023, 05:36:17 AM

Nettawa

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this is a great condition that you can apply in all
#141 - February 24, 2023, 01:19:05 AM

Vernalta

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indeed using a pattern like this is a must, this is very good
#142 - February 25, 2023, 02:45:11 AM

Dyandra

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You can use this pattern if you already know the method
#143 - February 26, 2023, 05:57:35 AM

Vernalta

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It doesn't matter, you will be able to analyze these patterns well.
#144 - February 27, 2023, 05:55:01 AM

Nettawa

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these are the patterns I like but I'm still learning to wear these
#145 - February 28, 2023, 05:47:38 AM

Vernalta

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This pattern is very easy to find and has a high probability
#146 - March 01, 2023, 02:29:59 AM

Kardel Sharpeye

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Double Top and Double Bottom are reversal chart patterns commonly used in Forex business. A Double Top occurs when the price reaches a resistance level twice and fails to break through, signaling a potential trend reversal. A Double Bottom occurs when the price reaches a support level twice and fails to break below, indicating a potential reversal. Traders can use these patterns in combination with other technical indicators to identify potential entry and exit points. However, it's important to confirm these patterns with other forms of analysis and manage risk effectively.
#147 - March 02, 2023, 08:37:10 AM

Nettawa

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this is a good type of trading using the double top pattern
#148 - March 02, 2023, 09:41:30 AM

Kardel Sharpeye

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Double top and double bottom patterns are commonly used in the Forex market by traders to identify potential buying and selling opportunities. The double top pattern is a bearish reversal pattern indicating that an uptrend is about to come to an end and reverse direction. This pattern is usually seen after a strong uptrend and is created when prices reach the same high twice and fail to break out. The double bottom pattern, on the other hand, is a bullish reversal pattern indicating that a downtrend is about to come to an end and reverse direction. This pattern is usually seen after a strong downtrend and is created when prices reach the same low twice and fail to break out.

When trading based on these patterns, it is important to look at the volume as well as the price. After the second peak (or trough) of the double top (or bottom) pattern is reached, the volume should decrease significantly. If the volume does not decrease, it is a sign that the trend will continue.

Traders should also be aware of the risk associated with trading these patterns. The double top and double bottom patterns are not reliable 100% of the time and can lead to false breakouts. The risk of a false breakout is especially high when trading in a volatile market
#149 - March 20, 2023, 12:59:48 PM

Dyandra

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you can do this if you can spend the time properly
#150 - March 23, 2023, 01:53:41 AM
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