Double top forex trading
Don’t make this deadly mistake when trading the Double Top chart pattern… Here’s the deal: Not all Double Top chart patterns are created equal. If you spot a Double Top in a strong uptrend, chances are, the market will continue heading higher. So, the last thing you want to do is go short just because you spot a Double Top chart pattern. Trading Double and Triple Tops Both the double top and triple top are toppings patterns, so when the pattern "completes" consider exiting long positions and focus on taking short positions. The uptrend is now over and a downtrend is likely underway.