Double tops and bottoms: how do you measure and trade them?

A double top is two failed attempts at the same high; the double bottom is the mirror. Both need a trigger between the two extremes, and both routinely morph into ranges or continuations.

Double tops and bottoms: how do you measure and trade them? — support and resistance diagram
Price bouncing between support and resistance

What's your playbook?

  • the tolerance between the two peaks or troughs
  • the entry trigger and target projection
  • the failure that taught you the most
Double tops and bottoms: how do you measure and trade them? — trend versus range diagram
A trending market compared with a ranging one

The chart patterns guide covers structure, targets and failure rates.

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