Reversal - Double Tops/Bottoms

NYSE

S&P 500

NASDAQ

Russell 2000

Reversal - Double Tops/Bottoms

Double bottoms/double tops are where price bounces off a support or resistance twice, then reverses. Double tops and bottoms work best after extreme moves or trends.

The following is an example of a double bottom on Carnival Cruise Lines following a strong move down.

Double Bottom

Next: Triple Tops/Triple Bottoms

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