Reversal Patterns: Double Top Trading Technical Analysis Strategy

Overview

This is Fety Bernard Etienne. How are you today? I hope you feel great. Last week, we learn about Reversal Pattern Double Bottom Trading Technical Analysis Strategy. I know that some of you picked something that you gained through that short review lesson and will always practice this system that you align to your own trading strategies. It is a helpful strategy if you respect it. Today, I would like to share DOUBLE TOP. What is it? How to make money with Double Top reversal Patterns? Last week, we have learned about the double bottom, if Double Bottom is a bullish reversal pattern, instead of Double top is bearish reversal patterns after extending uptrend. At the top forms a double top that indicates the reverse trend.

How to identify and order position with the double top? Two peaks at the top and Neckline as a support level. Between the first and second peak, you put your Stop loss. You also put your Sell Entry after the Market break out the Neckline(Support level).

Final Word

By following the trading rules, the traders always make a profit. If you know well how to identify double top, you can absolutely succeed in your trade. Thanks for reading my short review about the double top. Happy trade everyone. I love you all. Remember: "You Could Be Better Than You Think You Could Be" Fety Bernard Etienne(fetinafety)