Double Tops And Bottoms

Double tops are sometimes called ''M's'' and double bottoms ''W's'', as the pattern resembles each of these letters.

Both are reversal patterns and the stronger the preceding trend the more important the reversal when it happens. My research indicated that double tops tend to be shorter in duration and the break down more pronounced.

Double bottoms on the other hand tend to be longer in duration and the price action tends to be in a smaller range.


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