Chart Patterns
Double Top / Double Bottom
Two equal extremes failing at the same level. Reversal confirmed once neckline (the trough/peak between them) breaks.
See it in use
Double Top
Bar 80 / 80
speed:
Phase 6 — Target
6 / 6
Distance from peak to neckline projected past the break.
How it's used correctly
Require a real preceding trend, equal extremes within a few pips/points, and a body close beyond the neckline. Target = distance from extreme to neckline projected past the break.
Common mistake
Calling any two touches at similar prices a 'double X.' Without a prior trend, it's just a range.