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Trading Double Tops/Double Bottoms

Trading Double Tops/Double Bottoms

Thomas Long, Course Instructor

Instructor's Response:

It might have, but this top was an all-time high which is not a good place to be selling. On the way up to all-time highs you will see many potential double tops that turn out to be just a good buying opportunity as the market continues to move up. I prefer to trade these formations with the trend. Here is more:

DailyFX - Chart Patterns and the Trend


DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.