Look Who it Was Random video

✊ Support and Resistance: support and resistance trading, double top trading and double top pattern

976 views · Published 7 September 2018 · 5:00 · Indexed 21 October 2026

Channel: BO Turbo Trader · 2018 · Education

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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. 

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. 



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