Double Top / Double Bottom
Two peaks (or troughs) at the same level separated by a central low (high).
Neutral
Difficulty: ●●○○○
Reliability: 6/10
Double top (M): two nearly equal peaks, intermediate dip (neckline), neckline break = bearish signal. Target = peak-neckline distance projected down.
Double bottom (W): bullish mirror.
When to look
At trend extension; peaks/lows must be separated by several sessions.
Confirmation
Neckline break with volume.