It is often said that chart analysis is both an art and a science. One component of technical analysis includes the study of patterns, which is simply identifying the formations that markets etch ...

The chart above is of Amazon.com Inc. (AMZN) and shows a double-top pattern that formed in the stock between September and October 2018 around a price of $2,050. The important support level in ...

Technical analysts attempt to take the emotion out of investing by solely relying on the patterns found within charts to trade ... position to take profits. A double bottom is a bullish reversal ...

Double tops and bottom chart pattern is another easy visualization and widely used. They are both used to signal a trend reversal - it is considered to be a reliable and is commonly used pattern.

A candlestick depicts the battle between Bulls (buyers) and Bears (sellers) over a given period of time. All known information is reflected in the price. The relationship between the open and ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

On the 4 hour chart, we can see the double top reversal pattern. Plus the steep decline since the appearance of the chart pattern. Currently, price action is in bearish territory (price is below ...