Posts Tagged ‘Double Top Pattern’


How to Identify Double Top Chart Pattern in Forex?

In this video, you will learn how to identify and trade the double chart pattern. You locate this pattern at the end of an uptrend. You can take a short position using this pattern. It looks like the letter "M" after forming two peaks. The psychology behind this pattern is that buyers are met with resistance twice and price reverses to the downside. Look for the break of the neckline for the completion of this pattern. […]