Double Top, Dbl Bottom. Show your Opinion, Use Charts - Especially Non-Workings! Text is cheap, lol.

[easymon1]

PeeYew!
and the chart too. lol

 

[easymon1]

define them mathematically (it is very easy to do).

go for it

 

[Tradex]

go for it

Define a hammer?

Divide the length of the candle by 4. If the open and the close are located in the upper 25% of the candle it's a hammer.

That's one way to define it mathematically.

 

[QTrader20]

My friend, these are totally meaningless double tops.
Plus you should never chase double tops in an uptrend.

In an uptrend look for double BOTTOMS only.

In a downtrend look for double tops only.

Always put the odds in your favor, that's what trading is all about.

Cordially.

What you considered as trash (countertrend trading) is a pot of gold to scalpers or day traders. Have a look at ES one minute chart during last trading hour today.

 

[Tradex]

What you considered as trash (countertrend trading) is a pot of gold to scalpers or day traders.

Wait a minute, was the simple moving average still up at that moment, from the open ?

 

[easymon1]

2 more double bottom fails
3 views of first example

and

 

[easymon1]

Below, 60 min view of the 30m double bottom fail swing that worked nicely right up to the brim.

 

[easymon1]

Need more non-workings in here.

 

[easymon1]

 

[easymon1]