How to Trade a Double Top and Double Bottom Correctly

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  • Опубліковано 4 тра 2021
  • Double top and bottom patterns are chart patterns that occur when the underlying investment moves in a similar pattern to the letter "W" (double bottom) or "M" (double top). Double top and bottom analysis is used in technical analysis to explain movements in a security or other investment, and can be used as part of a trading strategy to exploit recurring patterns.
    #daytrading #forex #strategy
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    Double Tops and Double Bottoms are reversal chart patterns. They consist of two price swing located approximately on the same level.
    These patterns typically appear after a trend move. After the confirmation of the pattern, you expect the trend to be reversed. Let’s now dissect the structure of each of the two patterns:
    Double Top Chart Formation
    The Double Top technical formation starts with a bullish trend. The trend gets interrupted at some point and the price of the currency pair starts to range. The range consists of two swing tops on the chart. After the creation of the second top, the price action drops and starts a new bearish trend.
    #daytrading #forex #strategy
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КОМЕНТАРІ • 284

  • @Coachjay
    @Coachjay 3 роки тому +156

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  • @jeffreyhalverson2611
    @jeffreyhalverson2611 2 роки тому +6

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      @TheMovingAverage  Рік тому

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    @sunmukhsingh13 2 роки тому

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    @tariqimaduddeen9320 Рік тому +2

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    • @TheMovingAverage
      @TheMovingAverage  Рік тому

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  • @ankitanand2458
    @ankitanand2458 3 роки тому

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  • @jefftheentrepreneur24
    @jefftheentrepreneur24 3 роки тому +1

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  • @vladlytovchenko1563
    @vladlytovchenko1563 3 роки тому +2

    Nice. Double Tops and Double Bottoms got me several times before. Your channel is really helpful.

  • @VladimirFrancois-nt7kg
    @VladimirFrancois-nt7kg Рік тому +3

    wow just stumbled upon this video and im enamored by the high level of content your producing. ive been working with a rsi and utilizing my own observation the same as you've displayed and you clearly made it easy to recognize the extremely miniscule details. THANK YOU big time!!!!

    • @TheMovingAverage
      @TheMovingAverage  Рік тому

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  • @LovetheWordslearn
    @LovetheWordslearn Рік тому +5

    Wow this was so clear and concise. I've been learning to trade options and this explanation made it so easy to understand!

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      @TheMovingAverage  Рік тому

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    @jahirgualdroncaceres2497 Рік тому +1

    I only want to say ¡Thank you! I have been watching your videos and all your content is amazingly helpful. Your content is pure gold.

    • @TheMovingAverage
      @TheMovingAverage  Рік тому

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  • @martinettenes1789
    @martinettenes1789 2 роки тому +1

    May you live a long, healthy & happy life, the reward for your dedication to help us, the struggling traders. Thank You very much ...

  • @ChristiaanMitton
    @ChristiaanMitton Рік тому +2

    Just dicovered your channel... made $1K on a dubble bottom very simple and easy... Thanks a lot man

    • @TheMovingAverage
      @TheMovingAverage  Рік тому

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    @user-ob7pg1oj6f Рік тому +4

    Wow !
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    • @TheMovingAverage
      @TheMovingAverage  Рік тому

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  • @LisaLisa-iv5mu
    @LisaLisa-iv5mu 2 роки тому

    Love your videos! Keep up the great work!

  • @CHISOM_International
    @CHISOM_International 4 місяці тому +1

    I really love this...
    I've learned from this.
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  • @kenslyun
    @kenslyun Рік тому +1

    I can't stop watching this strategy. Very simple and easy. Sir thank you

  • @Revoswathead
    @Revoswathead Рік тому +1

    Thankyou simplicity makes millionaire's

  • @presstv
    @presstv 2 роки тому +5

    thanks a lot Arty, you're wonderful teacher. I've learned the concept of divergence in this video :)

  • @ianpinker5755
    @ianpinker5755 2 роки тому

    i love it top content. very helpful for some of us who are still learning thanks .

  • @mohdrosmanrahman1288
    @mohdrosmanrahman1288 7 місяців тому +1

    Thanx man helping me to understand the confluent between DT DB with RSI

  • @SolsticeStudiosTM
    @SolsticeStudiosTM 2 роки тому

    Dude how do you not have 1 Million subscribers?! Super underground, you will make it big bro. Big blessings coming your way.

  • @SampathKumar-kb7ps
    @SampathKumar-kb7ps 3 роки тому

    One of the best video about double tops strategy 👍

  • @sergeypotyomkin6621
    @sergeypotyomkin6621 2 роки тому

    I had some seconds during watching this video to notice the setup on my chart and jump in to take some profit)) thanks!

  • @LisaLisa-iv5mu
    @LisaLisa-iv5mu 2 роки тому

    Great video, thank you! ❤️

  • @gingerbread6134
    @gingerbread6134 2 роки тому

    Thank you for your nice work !

  • @sesnayecibane4486
    @sesnayecibane4486 2 роки тому

    I love you man for this...I've only been on your Channel for an hour and I've gotton more info than any other youtube trader...Thnk you dude you've made my Foerx ACC happy😁👏🤟

  • @carlnell6921
    @carlnell6921 2 роки тому +1

    Arty you are just amazing.

  • @michaelkinyua6777
    @michaelkinyua6777 3 роки тому

    If I had know you three months ago I woundnt have brown my account. Thank you for this accurate strategy.

  • @uddinnuman2642
    @uddinnuman2642 2 роки тому

    Just Mind Blowing.

  • @caolisustariz5984
    @caolisustariz5984 2 роки тому

    God bless you more and more, thanks you so much for every video it help me a lot.

  • @jncomputers9401
    @jncomputers9401 Рік тому +1

    Thanks for helping me understand this

    • @TheMovingAverage
      @TheMovingAverage  Рік тому

      You’re welcome
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  • @stephenprice8172
    @stephenprice8172 2 роки тому +16

    I always liked using the RSI and the MACD and now I can see why. Instead of looking for the bounce off them, now I can combine these tops as additional info.
    Excellent straight forward help, I would most certainly sign up for any training course if he offered one.
    Keep them coming, and many thanks.

  • @federicobaron8136
    @federicobaron8136 6 місяців тому +1

    I love this, I will be trying it out and letting you know how it works out for me!!

  • @piotrojrzynski4806
    @piotrojrzynski4806 2 роки тому

    Nice, I like the way You explane moves!

  • @nyandaejackson5781
    @nyandaejackson5781 3 роки тому

    IM here from the divergence video. SOLID content, well explained. SUBSCRIBED

  • @doahafez7196
    @doahafez7196 2 роки тому

    Simply you are the best

  • @charliegough9234
    @charliegough9234 3 роки тому +11

    great channel. very easily explained. you'll be at 100k subs in no time

  • @boogiejonz
    @boogiejonz 2 роки тому

    My double top & bottom game just got elevated!

  • @Johmmy11
    @Johmmy11 10 місяців тому +1

    Thankyou so much bro! It helped me a lot🤝🤝

  • @SarahBaata
    @SarahBaata 28 днів тому +1

    No one has explained it better than you sir hope i Will follow the exact rules to finally make Some freaky dollars

  • @gundogphil1534
    @gundogphil1534 2 роки тому

    Many thanks so much crap about trading on net nice to see a down to earth approach

  • @harleygiles-stubna4230
    @harleygiles-stubna4230 2 роки тому

    Thank you my friend !

  • @gezhelrobinos7258
    @gezhelrobinos7258 2 роки тому

    Thank you 😌🙏

  • @robertjolliffe2612
    @robertjolliffe2612 2 роки тому +1

    Art thanks man great

  • @theresapaininmybrain
    @theresapaininmybrain Рік тому +1

    Thanks!! Great video! Clear and easy to understand!!! 👍

    • @TheMovingAverage
      @TheMovingAverage  Рік тому

      Thank you!!
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  • @Admin-go1xs
    @Admin-go1xs Рік тому +1

    Solid man .love your teaching

    • @TheMovingAverage
      @TheMovingAverage  Рік тому

      Thank you ☺️
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  • @kellybowen5956
    @kellybowen5956 2 роки тому +1

    Another great video explanation 😎

  • @aashishvaid
    @aashishvaid Рік тому +1

    high quality and wonderfully explained. keep up the good work

    • @TheMovingAverage
      @TheMovingAverage  Рік тому

      Much appreciated!
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  • @abdulrazaqsaxane9343
    @abdulrazaqsaxane9343 26 днів тому +1

    thank you so much sir

  • @adrianwiran7089
    @adrianwiran7089 2 роки тому +6

    I thought that the RSI was a lousy lagging indicator. It turns out after i watched several of your youtube channels, the RSI indicator is very powerful. Question: if i want to open position at M5 TF, should i look first RSI divergences in the M30 TF? Thank you in advance. You are an excellent mentor 👍👍👍

  • @kumarengovender4005
    @kumarengovender4005 Рік тому +1

    Hi, thank you for the help, that you provide to the community for free and it is such good, clear and easy to use, thanks buddy

  • @Goshka1993
    @Goshka1993 Рік тому +1

    Excellent and easy explanation 🙂 Thanks a lot for this video! Keep it up

  • @LakeDistrict_BTC
    @LakeDistrict_BTC 2 роки тому

    Ho’sh*t I love your channel man. I’m back at the start going through them all again!

  • @ihestephenpraise6657
    @ihestephenpraise6657 2 місяці тому +1

    bro u got the best vibe ever thanks for the lesson❤

  • @jonpaulopara
    @jonpaulopara Рік тому +1

    You are the best
    honestly, you make trading smooth

    • @TheMovingAverage
      @TheMovingAverage  Рік тому

      Thank you 💝
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  • @kynggbrassi2744
    @kynggbrassi2744 3 роки тому +1

    Thank you I’ve been looking at DBs AND DTs wrong for so long went broke lol but I got this now

  • @dionisvix9642
    @dionisvix9642 2 роки тому

    will recommend, very powerfull tips

  • @germangjr
    @germangjr Місяць тому +1

    Amazing video full of knowledge 🔥

  • @sanjivsaha2225
    @sanjivsaha2225 2 роки тому

    Sir I have received lots of knowledge from your videos 📹 🙂 😊
    Thanks for everything

  • @kingiykemusik8412
    @kingiykemusik8412 8 місяців тому +1

    Fantastic video, easy to understand.
    Please is there any video that you explained how to know what the difference and work between the moving average for the new commers like me.

  • @jesussanchez6556
    @jesussanchez6556 3 роки тому

    Your channel is going to be huge!

  • @thabisokhambule
    @thabisokhambule 2 роки тому

    This is fire!!!

  • @ElrianSingletary
    @ElrianSingletary 12 днів тому +1

    Thanks!

  • @rixonmendoza9056
    @rixonmendoza9056 2 роки тому +1

    Thank you Arty😊

  • @bahramleather
    @bahramleather 2 роки тому

    That was awesome, Tnx

  • @lauryjerry1566
    @lauryjerry1566 3 місяці тому +1

    Thank you Buddy

  • @edwardstergiou8372
    @edwardstergiou8372 Рік тому +1

    just discovered your chanell thank you for sharing your tips man!

    • @TheMovingAverage
      @TheMovingAverage  Рік тому

      you are so welcome
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  • @MohammadKhan-kc6it
    @MohammadKhan-kc6it 3 роки тому

    Damn greatstufff.... Simple but so effective.. TX mate

  • @benkonymedia2379
    @benkonymedia2379 10 місяців тому

    From Nigeria thanks for this video I realize more ❤

  • @chavezvera161
    @chavezvera161 Рік тому +1

    Thanks again i love the channel

    • @TheMovingAverage
      @TheMovingAverage  Рік тому +1

      Glad you enjoy it!
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  • @Kids_Poem94
    @Kids_Poem94 2 роки тому

    Thanks dear

  • @Gman.Official
    @Gman.Official Рік тому +1

    I love you opening sound Mr Arty

  • @crmckean
    @crmckean 2 роки тому

    Great video. Can I use the 30m for support and resistance?

  • @rsons8217
    @rsons8217 3 роки тому

    Millionaire doesn’t sell course! They will really help openly! Your channel really deserves millions millions of subscribers and likes 👍 thanks for your effort!

  • @shakabuu8803
    @shakabuu8803 2 роки тому

    thank u from germany for all your info.. really good videos about RSI and Take proft, stop lost and other videos all for free.... u good guy thank u

  • @supertrader2701
    @supertrader2701 2 роки тому +1

    Im scalping those lvl's looking at 1h timeframe. Than i'm going to 5min. I see clear downtrend going to these lvl. Im waiting for trend breakout, retest and a big ass candle/3line strike. That's my entry, often after retest this one little candle starts this big move, and with rly tight stop loss i can make 1:3-1:5. Closing my stop to break even. Mby my winrate istn that great but i Hope it will rise. Anyway those gains... and rly small risk. Ahhh. Love it. For one entry i know i can lose 1-2 trades and be on profit anyway. The more patient im, more often its first strike. boom 3-5% of the entire acc. Thanks to You!

  • @informalsettlement4418
    @informalsettlement4418 9 місяців тому

    Hi, thank you very much for the information,, can you please share the settings of the 3 moving average and the RSI

  • @chrisbalen713
    @chrisbalen713 Місяць тому +1

    yeh legit. you are a true legend.

  • @yhingc3703
    @yhingc3703 2 роки тому

    grest one. thanks

  • @damionhyde7913
    @damionhyde7913 3 роки тому

    I think I found my next teacher.... Awesome videos

  • @wangchangkei
    @wangchangkei 2 роки тому +1

    Magician 🚀❤

  • @itslatoyahayes
    @itslatoyahayes Рік тому +1

    This will 100% help me in my trading!

    • @TheMovingAverage
      @TheMovingAverage  Рік тому

      Glad to hear it
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  • @ahmadmaaz1330
    @ahmadmaaz1330 9 місяців тому +1

    Wow! just Wow...Thank you soooo much

  • @valkyrie8937
    @valkyrie8937 2 місяці тому +1

    Hello , do these strategies work on stocks as well or its better to implement on forex ? Also when we added SMA lines we didnt use them ? Thank you

  • @alavasailaja9651
    @alavasailaja9651 Рік тому +1

    Nice vedios sir I try to understand because of language problem.iam Indian...my language is telugu .but your vedio is clearly understood

  • @johnadindueme6364
    @johnadindueme6364 Рік тому +1

    Thank you.

    • @TheMovingAverage
      @TheMovingAverage  Рік тому

      You're welcome!
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      The Trading Floor
      www.trdfloor.com/a/2147520152/LrFzjtDP

  • @danielnicholas1747
    @danielnicholas1747 Рік тому +1

    Informative video thanks alot