hello guys,
I just have a few questions for ya. Double tops/bottoms are signs of reversal right? But I am kinda confused on which one is real so i searched all over the net just to get any insights. Some people claim that double tops/bottoms are not necessarily at the same level to be valid but if that is the case I would rather call it ascending/descending tops.
The chart below illustrates it, the guy created it said that those are valid double tops/bottoms
http://i169.photobucket.com/albums/u...doubletops.jpg
But take a look at the charts provided by investopedia, They say that the above chart is an ascending tops
http://i169.photobucket.com/albums/u...vestopedia.jpg
I just have a few questions for ya. Double tops/bottoms are signs of reversal right? But I am kinda confused on which one is real so i searched all over the net just to get any insights. Some people claim that double tops/bottoms are not necessarily at the same level to be valid but if that is the case I would rather call it ascending/descending tops.
The chart below illustrates it, the guy created it said that those are valid double tops/bottoms
http://i169.photobucket.com/albums/u...doubletops.jpg
But take a look at the charts provided by investopedia, They say that the above chart is an ascending tops
http://i169.photobucket.com/albums/u...vestopedia.jpg