Double Tops and Bottoms in Stock Market Technical Analysis

  • These chart patterns are well-known patterns that signal a trend reversal – these are considered to be one of the most reliable patterns and are commonly used.
  • These patterns are formed after a sustained trend and signal to chartists that the trend is about to reverse.
  • These patterns are created when price movement tests support or resistance levels twice and is unable to break through.
  • These patterns are often used to signal intermediate and long-term trend reversals.

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