Channel when prices trend between parallel trends lines they form a Channel. When prices hit the bottom trend line this may be used as a purchasing area & when prices hit the upper trend line this may be used as a selling.
Double top [reversal formation] for obvious reasons this is often called an "M-top". The market is failing two times at a resistance and is reversing then sharply. A break of the support would indicate further losses towards the target that can be evaluated through the following procedure. The vertical width of the "M" [cost difference] is projected downwards from the breakpoint of the support.
Double bottom [reversal formation] is the opposite of Double top. When the market is failing two times at a support & is reversing then sharply. A break of the resistance would indicate further rising towards the target that can be evaluated through the following procedure. The vertical width of the W [cost difference] is projected downwards from the breakpoint of the resistance.
What is Triangle?
The triangle formation can be difficult to analyze and the fact that a few different types of triangles exist doesn't make this task any simpler. Furthermore a triangle is most often a pause in a trend (continuation pattern) but can also terminate a trend (reversal formation).
For Further Reading,
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