What do double top patterns tell traders? Double top trading patterns tell traders of a potential trend reversal. Traders often use the height of the pattern to calculate a projected price target for ...

Double bottom (and other patterns) offer clear entry points, targets and stop loss points. The double bottom on the USD/NZD chart formed with the May 23 and the June 1 daily lows, marked at Point ...

Also, it has formed a double-top pattern at 1.1570 and a neckline at 1.1065, its lowest swing on May 12. Therefore, while the uptrend may continue, the pair may retreat in the next few days.