Admiral Markets Blog | Price Action: Double top/bottom pattern – complete guide

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Price Action is one ofpromising branches of technical analysis inthe basis of which is the methodology for assessing price behavior without the use of indicators. Price Action trading involves making decisions only on the basis of the price movement of a financial instrument. At the same time, price is the only true source of information, and technical indicators are not used. One of the methods of Price Action is the analysis of price patterns.
After watching this video, you will learn:
— Key features of the “Double Top/Bottom” pattern
— What does the “Double Top/Bottom” pattern actually say and how does it help make a forecast about future price behavior.
— What behavior of buyers and sellers is hidden behind the pattern
— Where to look for the “Double Top/Bottom” on the chart and how to enter trades using this pattern.