"Since the beginnings of technical analysis, classical technical patterns have been repeating over and over in all time frames and in all markets.
It’s interesting that these patterns have not changed in centuries. They are truly a reflection of crowd psychology.
Many times you will see the structures of the patterns form with exact Fibonacci ratios. Adding the...
Double Top:
The double top is a reversal pattern of an upward trend in a stock's price. The double top marks an uptrend in the process of becoming a downtrend.
Sometimes called an "M" formation because of the pattern it creates on the chart, the double top is one of the most frequently seen and common of the patterns. Because they seem to be so easy to identify,...