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Forex
 

Indices
 

Double tops and bottoms

Double tops and bottoms are similar to triple tops and bottoms, just they have two peaks/troughs. This pattern could be seen more frequently then triple tops and bottoms. Double tops are usually marked with letter M and double bottoms with W.

Double tops and bottoms
Double tops

As with the previously described patterns, the process of formation of double tops and bottoms must be confirmed by volume. All rules that apply to triple tops and bottoms are applied to this pattern too.


< Triple tops and bottoms
Rounded formations >