Forex Double Top and Double Bottom Formation patterns

When there is a strong force in the upward direction, a bearish reversal forms – known as Double Top. It appears as two consecutive peaks with approximately the same highs. Generally, the first peak is a part of an up-trend and it creates a new high. This pattern is the opposite of Double Top and it’s formed when there’s a strong drop – or – signals that denote a reversal of bulls. Double Bottom is the exact opposite pattern. It forms after a strong down move and signals bullish reversal.

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