Knowledgebase
How do I spot 'double tops or double bottoms', before they happen?
Posted by Charlie Trader on 23 June 2018 12:19 PM

Anticipating is a double-edged sword!

You can anticipate support or resistance as the stock approaches the zone. If you're already in a trade we can use them as a profit target or stop loss.

If you're in a bullish trade then you'd have your (first) profit target below the double top resistance so you increase your chances of taking the profit. Likewise, if you're in a bearish trade you have your (first) profit target above the support of the double bottom.



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