Double Top and Double Bottom Patterns: How to Tell a Real One From an Early Guess
A double top is only a double top once the neckline breaks. The 3 confirmations that separate a real one from an early guess, and how the target is measured.
I'm Spencer Li, The 15-Minute Trader. I founded Synapse Trading in Singapore and have traded for 15+ years, run from 70+ countries. I teach a rules-based swing trading system built for people with day jobs: about 15 minutes a day, one system for any market. More than 700 students have graduated from my Trading Mastery Program. I'm a Certified Financial Technician (CFTe) on the IFTA register, and hold double degrees in Accountancy and Business Management from Singapore Management University. The Business Times has featured me. Every trade I take is public and dated, losses left in. It's trading education, not a promise of income.
A double top is only a double top once the neckline breaks. The 3 confirmations that separate a real one from an early guess, and how the target is measured.
Pennants, flags and triangles all look like pauses. A 3-question test tells them apart, and the answer changes how the price target is measured.
A flag pattern is a short pause after a sharp move. How to spot the pole, the pause and the push, the 4 signs a flag is failing, and how the measured target works.
Cash, bonds, put options and inverse positions all protect a portfolio. Each one has a price you pay in the years with no crash. Here is each one, with the numbers.
There is no single safe percentage. Use the Zero Test: what losing the whole position would cost you. With the arithmetic for 5%, 10%, 20% and 50%.
Synapse Trading Pte Ltd
Registration No. 201316168H
WhatsApp +65-8897-1204
info@synapsetrading.com
Synapse Trading Pte Ltd
Registration No. 201316168H
Whatsapp: +65-8897-1204
Telegram: @iamrecneps
Email: info@synapsetrading.com
