✊ Support and Resistance: support and resistance trading, double top tra...

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Indicators:
EMA 3 (blue)
EMA 20 (yellow)
EMA 50 (orange)
EMA 100 (red)
EMA 200 (purple)

Bollinger Band Period 20 Deviation 2 (green)
Bollinger Band Period 20 Deviation 1 (white)

Double top and double bottom are reversal chart patterns observed in the technical analysis of financial trading markets of stocks, commodities, currencies, and other assets. Double Top Reversal. The Double Top Reversal is a bearish reversal pattern typically found on bar charts, line charts, and candlestick charts. As its name implies, the pattern is made up of two consecutive peaks that are roughly equal, with a moderate trough in-between.

A double top or bottom is a trend reversal pattern, formed when the price tries to move through a specific price area twice, but can't. A double top is a chart pattern, characterized by two consecutive peaks in price, that signals a potential bearish reversal of an uptrend. The double top pattern is one of the most common technical patterns used by Forex traders. It's certainly one of my go-to methods of identifying a potential top.

A double top is a chart pattern, characterized by two consecutive peaks in price, that signals a potential bearish reversal of an uptrend. The most basic P&F buy signal is a Double Top Breakout, which occurs when an X-Column breaks above the high of the prior X-Column. From this basic pattern, the bullish breakout patterns become more complex and wider. The wider the pattern, the better established the resistance level and the more important the breakout.

DEFINITION of 'Double Bottom' A double bottom pattern is a technical analysis charting pattern that describes a change in trend and a momentum reversal from prior leading price action. The double bottom looks like the letter "W". The twice-touched low is considered a support level. Double Top. A double top is a reversal pattern that is formed after there is an extended move up. The “tops” are peaks which are formed when the price hits a certain level that can't be broken. After hitting this level, the price will bounce off it slightly, but then return back to test the level again.