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Trading based on Double Top and Double Bottom

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Miracle Fx

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The most obvious pattern is for trend changes, for candle analysis users, this pattern is the most sought after because it provides clear signals.
#61 - November 25, 2020, 05:57:38 AM

Jajami

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The chart of the double bottom and top occurs due to repeated strength of resistance and support, so surely the price bounce from before is bigger. This graphic pattern has high hopes to make a good profit.
#62 - November 29, 2020, 08:25:44 AM

Trader Candra

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Opening trades following the double top and bottom pattern must be achieved through the correct size of the position, and the application of the timeframe portions that are large enough not on small timeframes
To be safer, we can position the stop loss in the area below support or resistance, so if the pattern changes the losses will not increase.
#63 - November 29, 2020, 11:50:09 AM

Muh0340

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trading based on candle patterns is indeed quite simple to do, but for double top or double bottom patterns it is quite special because it is very simple and often encountered.
#64 - December 02, 2020, 05:18:17 PM

Widiaty Syahnazia

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Quote from: Muh0340 on December 02, 2020, 05:18:17 PM
trading based on candle patterns is indeed quite simple to do, but for double top or double bottom patterns it is quite special because it is very simple and often encountered.
Yes, such patterns are very often encountered, but in my opinion reading the patterns is not simple, because changes in the candle will not always work well, sometimes it can even trick us.
#65 - February 14, 2021, 07:13:54 PM

RaNo Achndar

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A double bottom and double top is a good signal to start trading, with the hope that a trend can occur and we can predict it.
The signal from a candle like this is a great opportunity to get profit.
#66 - February 21, 2021, 06:01:42 PM

Hokage

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using the double top and double bottom patterns in my opinion is good and has high accuracy as a reversal signal, but still we have to look at other factors before opening a position
#67 - February 25, 2021, 04:10:21 PM

ariezz

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Quote from: Hokage on February 25, 2021, 04:10:21 PM
using the double top and double bottom patterns in my opinion is good and has high accuracy as a reversal signal, but still we have to look at other factors before opening a position
other factors in opening an entry with any strategy are indeed important and must be adjusted because any strategy still has its own rules.
#68 - February 26, 2021, 03:02:47 PM

TechnoPips

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The pattern that is formed to make a double top or bot is a signal pattern to determine trading positions, traders have the opportunity to enter with very accurate movement potential and of course profit is easier to get.
#69 - April 06, 2021, 11:06:16 PM

artasu

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this pattern that I really like because it is very easy to find and does not require strange conditions in trading, just wait for the confirmation signal and then open a position only
#70 - July 14, 2021, 03:25:14 AM

Kembangmawar

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trading with this pattern is the simplest because it is easy to understand the important thing is not to be greedy and always install stop losses wait break first
#71 - July 14, 2021, 06:24:37 AM

joshgandosh

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if we trade by relying on this means we are a stylish trader against the direction of the trend, because this pattern is used for trading against the direction of the trend
#72 - July 14, 2021, 07:24:44 AM

Difiq

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I've heard this pattern and already quite understand but not all double top bottom patterns are reversals, if the occurrence of the middle of the trend could be the trend forwarding
#73 - July 14, 2021, 09:11:37 AM

ZB

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if you want to use this technique in my opinion we have to be combined with the support and resistance area so that the accuracy is also better
#74 - July 15, 2021, 02:48:09 AM

Kembangmawar

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although the double bottom is often used, but in my opinion the pattern will not yet show a clear signal without indicators or further analysis.
#75 - July 15, 2021, 12:55:40 PM
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