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    Simple Trading Book

    Uploaded by

    Zombie
    The document promotes a Telegram channel about candlestick patterns and chart analysis. It describes and provides examples of common reversal patterns like double tops, double bottoms, triple tops, and triple bottoms.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Simple Trading Book

    Uploaded by

    Zombie
    53 views22 pages
    The document promotes a Telegram channel about candlestick patterns and chart analysis. It describes and provides examples of common reversal patterns like double tops, double bottoms, triple tops, and triple bottoms.

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    © © All Rights Reserved

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    PDF, TXT or read online from Scribd

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    The document promotes a Telegram channel about candlestick patterns and chart analysis. It describes and provides examples of common reversal patterns like double tops, double bottoms, triple tops, and triple bottoms.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    53 views22 pages

    Simple Trading Book

    Uploaded by

    Zombie
    The document promotes a Telegram channel about candlestick patterns and chart analysis. It describes and provides examples of common reversal patterns like double tops, double bottoms, triple tops, and triple bottoms.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 22

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    Double Top

    What Is a Double Top? A double top is an extremely


    bearish technical reversal pattern that forms after an
    asset reaches a high price two consecutive times
    with a moderate decline between the two highs. It
    is confirmed once the asset's price falls below a
    support level equal to the low between the two
    prior highs.
    Telegram - @candlestickandchartpattern

    Double Bottom

    The double bottom pattern is a bullish reversal


    pattern that occurs at the bottom of a downtrend and
    signals that the sellers, who were in control of the
    price action so far, are losing momentum. The pattern
    resembles the letter “W” due to the two-touched low
    and a change in the trend direction from a downtrend
    to an uptrend.
    Telegram - @candlestickandchartpattern

    Tripl Top

    The triple top pattern occurs when the price


    of an asset creates three peaks at nearly the
    same price level. The area of the peaks is
    resistance. The pullbacks between the peaks
    are called the swing lows.
    Telegram - @candlestickandchartpattern

    Tripl Bottom

    1Bottom

    A triple bottom is a visual pattern that shows


    the buyers (bulls) taking control of the price
    action from the sellers (bears). A triple bottom
    is generally seen as three roughly equal lows
    bouncing off support followed by the price
    action breaching resistance.
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