📊 Chart Pattern Basic | Lesson #1

Double Top

A double top is a reversal pattern that is formed after there is an extended move up.

The “tops” are peaks which are formed when the price hits a certain level that can’t be broken.

After hitting this level, the price will bounce off it slightly, but then return back to test the level again.
If the price bounces off of that level again, then you have a DOUBLE top!


Double Bottom

The double bottom is also a trend reversal formation, but this time we are looking to go long instead of short.

These formations occur after extended downtrends when two valleys or “bottoms” have been formed.


Triple Top

A Triple Top is a chart pattern that consists of three equal highs followed by a break below support.

The chart pattern is categorized as a bearish reversal pattern.

All three highs should be reasonably equal, well-spaced, and mark clear turning points to establish resistance.

The highs do not all have to exactly the same level but should be “close enough”.


Triple Bottom

A Triple Bottom is a chart pattern that consists of three equal lows followed by a break above resistance.

The chart pattern is categorized as a bullish reversal pattern.

All three highs should be reasonably equal, well-spaced, and mark clear turning points to establish support.

The lows do not all have to exactly the same level but should be “close enough”.


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