Charting Terms 101 #2
Another very popular term is a double top.
No it is not when you spin two tops at the same time.
It is a topping pattern where prices reach a certain price level two times before ultimately pulling back and heading down.
An example can be seen here:
The inverse would be called a double bottom.
A double bottom is often seen as a bottoming pattern and prices tend to head upwards after bouncing off a price two times.
Isn’t that a girl with a big rack? ( . )( . )
😂🤪😂
A double bottom sounds like a big bottom! They make the world go round!
A double bottom
Sounds like a big bottom! They
Make the world go round!
- jondoe
I'm a bot. I detect haiku.
I am a poet.
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STOPI think I won this last week as well. What do I win?
@jondoe, I'm waiting for the continuation of the topic
It will continue.