How to Find Legitimate Double Tops & Double Bottoms

Hey Guys!

I just wanted to post a quick tutorial on how to find legitimate double tops and bottoms.

In this lesson, I explain the 4 rules that a double top/bottom must abide for it to be legitimate.

So for example: For a legitimate double bottom:

#1 The 2nd bottom's price must reach the 1st bottom's wick low price level.

#2 The 2nd bottom's price cannot close past the 1st bottom's wick low price level.

#3 There must at least be a 10 candle range between the the bottoms. (including the 2 bottom's candles)

#4 The prior trend must be in the opposing direction. (which is down in the case of a double bottom)

That's it! I hope this helps!

Have a great day!

Ken