Forex Zone - Forex Forum

Trading based on Double Top and Double Bottom

Discussion started on Forex Education

  • Hero Member
  • Posts: 844
  • Points: 313
  • Likes Received: 64
  • Reputation: +0/-0
This pattern is often used and includes easy to find but not always specific parallel two highs and two lows, but the core is the same and always used as a reversal of direction
#76 - July 15, 2021, 08:01:20 PM

  • Hero Member
  • Posts: 569
  • Points: 269
  • Likes Received: 32
  • Reputation: +1/-0
trading using double bottom and top patterns is great because that way we know what pattern to use when going to open positions reversal direction and that's very good
#77 - July 18, 2021, 04:46:59 AM

  • Hero Member
  • Posts: 569
  • Points: 269
  • Likes Received: 32
  • Reputation: +1/-0
trading using double top and double for me is a must, because I myself like trading reversals, so I have to use that pattern for open positions, and I think many traders also use this technique
#78 - July 23, 2021, 10:37:43 AM

  • Hero Member
  • Posts: 612
  • Points: 127
  • Likes Received: 36
  • Reputation: +2/-0
this pattern is the easiest in my opinion, because if there are letters M and W most likely it is a double top and double bottom pattern, even for beginners learn 10 minutes also directly memorized so it is very easy
#79 - July 24, 2021, 07:51:39 PM

  • Hero Member
  • Posts: 677
  • Points: 202
  • Likes Received: 29
  • Reputation: +2/-0
This double top bottom pattern is very easy to find and average price action traders always use this method to make buy or sell decisions, because that way they don't have to memorize any other pattern other than that
#80 - July 26, 2021, 06:44:27 PM

  • Hero Member
  • Posts: 518
  • Points: 400
  • Likes Received: 5
  • Reputation: +0/-4
In my opinion, using a double bottom and double top system is intended for trading by looking for reversals, meaning looking for the opposite trend
#81 - July 31, 2021, 11:40:45 AM

  • Hero Member
  • Posts: 729
  • Points: 159
  • Likes Received: 52
  • Reputation: +3/-0
trading using double tops and double bottoms is included in the price action technique and that's also what I do if I find that it is a very accurate person for reversal but it rarely happens and our eyes are small to find it, it must be in every pair
#82 - August 23, 2021, 11:13:08 PM

  • Hero Member
  • Posts: 4049
  • Points: 4
  • Likes Received: 260
  • Reputation: +5/-2
Yes, it doesn't matter. When you carefully use this pattern, if this pattern is good enough to reverse it, you can only use it
#83 - February 16, 2022, 01:02:10 AM

  • Hero Member
  • Posts: 3144
  • Points: 7493
  • Likes Received: 631
  • Reputation: +39/-36
If we want to trade using a reversal pattern, this pattern is one of the good choices because it has quite good accuracy
#84 - February 22, 2022, 01:09:25 PM

  • Hero Member
  • Posts: 4322
  • Points: 2127
  • Likes Received: 247
  • Reputation: +20/-15
the use of double top and bottom is for your success so don't let you be a reversal process because it will be very good
#85 - February 23, 2022, 01:20:32 AM

  • Hero Member
  • Posts: 3144
  • Points: 7493
  • Likes Received: 631
  • Reputation: +39/-36
This pattern is one of the favorite patterns for the trend reversal entry, and for better use also support and resistance areas
#86 - February 23, 2022, 07:17:35 AM

  • Hero Member
  • Posts: 606
  • Points: 1106
  • Likes Received: 0
  • Reputation: +1/-1
if you want to trade using this kind of double bottom or double top pattern, I think the advice needed is getting bigger, because this pattern will rarely appear
#87 - February 23, 2022, 11:54:50 PM

  • Hero Member
  • Posts: 6978
  • Points: 2
  • Likes Received: 657
  • Reputation: +23/-19
the use of this pattern is usually used at the time of reversal where it is very effective to use when the market is trending
#88 - February 24, 2022, 12:43:40 AM

  • Hero Member
  • Posts: 4049
  • Points: 4
  • Likes Received: 260
  • Reputation: +5/-2
Yes, it doesn't matter when you use double top and bottom and it's really important for you so that you can use it well
#89 - March 04, 2022, 02:01:14 AM

  • Hero Member
  • Posts: 810
  • Points: 1332
  • Likes Received: 11
  • Reputation: +1/-2
This is one of the trend reversal patterns that are often used for trading, and this pattern in my opinion is pretty good and the accuracy is also quite good
#90 - March 05, 2022, 10:59:36 AM

Members:

0 Members and 2 Guests are viewing this topic.