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"What does “Double Top” and “Double Bottom” mean?" - exchange and trading

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Old 05-03-2011, 05:51 AM
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Join Date: Jan 2011
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Default "What does “Double Top” and “Double Bottom” mean?"

"Double Top"and “Double Bottom” are common chart patterns, which frequently appears in forex trading and forex analysis.
As the model of a double top is just like the letter "M". It is also called “M pattern”. For the same reason, a "Double Bottom" is called “W pattern”.
Ideal example of a “Double Top” has two outstanding peaks that are of roughly the same rate.
In other words, both maxima (resistance lines) are almost the same level.
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