Thursday, June 16, 2011

[4XONTARIO] Double Top

 

The Double Top is one of my favorite strategies to use. If you don't know then you need to learn it right away. It is a great indicator on longer time frames for reversals. Severely minimizes your risk and increases your reward. Although it may seem complex after seeing it on a few charts it is quite simple to spot and start making money on. You are essentially looking for 3 points. The first swing and then the next swing low. From there it should only test the first swing high indicating you might be seeing a trend reversal. Once it breaks your trend line you are golden! 

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