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Couple of good chart patterns
June 07, 2011

Double top and double bottom chart patterns

Funny how you can forget bits and pieces from trading strategies after a while.

When I was reviewing lesson 2 from the Traders Whiteboard I was reminded of a great combination of the famous double top and double bottom pattern along with profit target.

After the formation of a double top or double bottom, simply take the trading range that it made and extend it the same amount for the profit target.

It's interesting because this is also a WD Gann technique. Gann traded with chart patterns like double tops and bottoms and doubling range values.

I have done a summary on brainyforex about this particular setup as shown on Adams video here.

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Till next time


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