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DAY 11 – DOUBLE TOP AND DOUBLE BOTTOM

The double top and double bottom are reversal patterns, meaning that the price attempted to break a zone twice and failed.

It is a structure based on movement blocks:
Rises → stops → corrects → tries again.
If it fails again, the market usually changes direction.

Basic types
• Double top
The price rises twice to the same zone.
Indicates buyer weakness.
Usually anticipates a drop.

• Double bottom
The price falls twice to the same zone.
Indicates seller weakness.
Usually anticipates a rise.

What to observe?
→ Two clear attempts in the same zone
→ Similar blocks
→ Visible rejections
→ Marked zone

Key idea
→ It's not the touch that matters
→ It's the rejection
→ Confirmation usually comes when the price breaks the intermediate level
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