Double top and bottom is the easiest-to-spot pattern. It is similar towards head and shoulders as it is also traded through stop losses.
It is easy to mistake double tops or bottoms for a reversal pattern, but it is not always the case, as we have learnt already. Sometime the chart is just messing with us. That is exactly the time for us to take precautions against the market.
So, what have we learnt? Well, that financial markets are very risky and that market is the only thing that can form the rules here. There is nothing else that can as powerful and as controlling as the market itself.
Comments powered by CComment