Are Double Tops & Bottoms A Hugely Profitable Trading Strategy?
Today, we are going to be looking at Double top and bottom patterns. Double top and bottom patterns are chart patterns that occur when the underlying investment moves in a similar pattern to the letter "W" (double bottom) or "M" (double top).
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Double tops and bottoms are important technical analysis patterns used by traders.
A double top has an 'M' shape and indicates a bearish reversal in trend.
A double bottom has a 'W' shape and is a signal for a bullish price movement.
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Timestamps:
00:00 Intro (very important)
02:05 The Double top & bottoms Trading Strategy
07:00 The Coded Trading Strategy
08:00 Let's Test 100 times
09:30 Conclusion
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DISCLAIMER (read it please): Leverage trading is ONLY for EXPERIENCED TRADERS. If you Trade with a BOT from 3Commas on Bybit it does NOT mean you have no risk. You can still lose money if the Bot suddenly gets unprofitable.
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