Double Tops & Double Bottom Commodity Trading Strategies

A trader should wait for the commodity price to turn in the opposite direction after touching one of the commodity trading Bollinger bands before considering that a commodity trading reversal is happening.

Even better a trader should see the commodity price cross over the moving average.

Double Bottom Commodity Trading Trend Reversals

A double bottoms is a buy signal set-up. Double tops forms when price action penetrates the lower Bollinger band then rebounds forming the first commodity price low, then after a while another commodity price low is formed, & this time it's above the lower Bollinger band.

The second commodity price low must not be lower than the first one and it important is that the second commodity price low does not touch or penetrate the lower Bollinger band. This bullish commodities setup is confirmed when the price action moves and closes above the middle band (simple moving average).

Double Bottom - Bollinger Bands Commodity Trading Trend Reversals Strategy Using Double Bottom Chart Patterns

Double Top Commodity Trading Trend Reversals

A double top is a sell signal set-up. Double tops forms when price action penetrates the upper Bollinger band then rebounds down forming the first commodity price high., then after a while another commodity price high is formed, & this time it is below the upper Bollinger band.

The second commodity price high must not be higher than the first one and it important is that the second commodity price high does not touch or penetrate the upper Bollinger band. This bearish commodities setup is confirmed when the price action moves and closes below the middle band (simple moving average).

Double Top - Bollinger Bands Commodity Trading Trend Reversals Trading Strategy Using Double Top Chart Patterns