| 08/28/07 05:55:48 PM -0700
Double Top occurs when the peaks are formed
and the price hits a certain
level that can’t be broken. After hitting this level, the price will fall slightly, but then return back to test the
level again. If the price can't
break that level again, it is a double top!
In the chart below, the 2nd top was
not able to break the high of the 1st
top. This indicates that a
reversal is going to occur. We
would place our entry sell order below
the neck line because we are expecting a
reversal of the uptrend and the price
will continue to move down.
Click on the image to see the full
size
Descending Triangles < -- >
double_bottom.htm
Last
Updated:
Sunday, October 07, 2007 10:27:33 AM -0700 |
