Strategy Guide to Trading the Double Top & Bottom Reversal Chart Pattern

The double top and double bottom pattern is one of the most common chart reversal patterns, which can help you identify major market tops & bottoms.

In this video tutorial, I share 3 practical trading strategies you can use to profit from this pattern, and also some of the common “textbook” mistakes that new traders make when trying to tackle this chart pattern.

Enjoy the video! 😀

How to Trade Predictive Price Patterns

Have you noticed that there are certain patterns or formations that keep recurring on the charts? And did you notice that these patterns have some sort of predictive value?

For example, the presence of certain patterns tend to tilt the odds of bullishness or bearishness, which means that if you can correctly identify these patterns, they will give you a big edge in your analysis.

These patterns mainly fall into 2 categories – reversal patterns and continuation patterns. In this video, I go through all the different patterns and the significance of each one.

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How to Identify Market Trends with Swing Counts

In my last video, I talked about the 3 main market trends that are in the market – uptrend, downtrend, and sideways market. In trading, it is very important to know the trend because trading in the direction of the trend gives you the best odds of profitable trades.

In this video, I share about Swing Counts — one of the most common techniques used by traders (including professionals) to identify the market trend and differentiate between the 3 main market trends.

Knowing this technique is important because it gives you a simple and objective way to not only identify the current trend, but also to spot when the trend is changing direction.

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What are the 3 Main Market Trends?

When we look at price charts, we cannot help noticing that prices tend to move in a particular direction for prolonged periods of time, creating trends which we can take advantage of.

Generally, there are 3 main directions which trends take, and specific strategies which give you the edge once you are able to identify which trend the market is currently exhibiting.

Lastly, the video covers one major pitfall that many trend-followers miss out on, and as a result get trapped holding losing positions. This is something you want to avoid.

Enjoy the video! 😀

How to Read Price Charts in 15 Seconds

When looking at a chart, sometimes we have to make snap judgments, as any delay could result in price moving away from your ideal entry point, and resulting in you missing out on a good trade.

If you are using many indicators and complex software, it could take many minutes or even hours just to make a trading decision.

But there are a few simple clues you can look out for to allow you to quickly decide which is the highest probability direction to trade in.

Enjoy the video! 😀