Double Top/Bottom
A reversal pattern showing two peaks or troughs at approximately the same price level. Double tops indicate bearish reversals, while double bottoms indicate bullish reversals.
Reliability: 78% success rate when volume confirmed
Best Timeframes: Weekly, Daily, 4H
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Double Top/Bottom
Reliability: 78% success rate when volume confirmed
Best Timeframes: Weekly, Daily, 4H
Pattern Types:
- Double Top (Bearish)
- Double Bottom (Bullish)
Identification Points:
- Two peaks/troughs at similar levels
- Clear neckline as support/resistance
- Volume typically higher on first peak/trough
- Space between peaks/troughs (1-3 weeks ideal)
Best Markets:
- EUR/USD
- USD/CHF
- GBP/JPY
Trading Tips:
- Confirm break of neckline
- Look for volume increase on breakout
- Set targets equal to height of pattern
- Use time filters for confirmation
Common Mistakes to Avoid:
- Trading minor double tops/bottoms
- Ignoring market context
- Missing volume confirmation
Bull/Bear Flag
A continuation pattern that forms a temporary pause in the current trend. The pattern consists of a strong move (flag pole) followed by a consolidation period (flag).
Reliability: 85% success rate in trending markets
Best Timeframes: 4H, 1H, 30M
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Bull/Bear Flag
Reliability: 85% success rate in trending markets
Best Timeframes: 4H, 1H, 30M
Pattern Types:
- Bullish Flag (Uptrend)
- Bearish Flag (Downtrend)
Identification Points:
- Strong initial move (flag pole)
- Parallel channel in opposite direction
- Volume decreases during flag formation
- Brief duration (1-3 weeks maximum)
Best Markets:
- USD/JPY
- EUR/JPY
- GBP/USD
Trading Tips:
- Trade in direction of main trend
- Enter on break of flag resistance/support
- Target projection equals flag pole height
- Place stop below/above flag pattern
Common Mistakes to Avoid:
- Trading against main trend
- Waiting too long for confirmation
- Setting targets too far
Rounding Patterns
Gradual, curved price movements indicating a smooth transition between trends.
Reliability: 65% success rate when volume confirms
Best Timeframes: Weekly, Daily
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Rounding Patterns
Reliability: 65% success rate when volume confirms
Best Timeframes: Weekly, Daily
Pattern Types:
- Rounding Bottom (Bullish)
- Rounding Top (Bearish)
Identification Points:
- Smooth, curved price action
- Gradual transition in trend
- Volume follows price curve
- Clear completion point
Best Markets:
- EUR/USD
- GBP/USD
- USD/JPY
Trading Tips:
- Wait for pattern completion
- Confirm with volume pattern
- Use measured move targets
- Place stops below/above pattern
Common Mistakes to Avoid:
- Early entry
- Ignoring volume pattern
- Unclear profit targets