How Do I Trade Up-wards Trendline Reversal Signals Combined with Double Tops Chart Pattern

Upward Trend Reversal Signals and Double Tops Reversal Patterns

Up Trend Reversal

When price breaks below upward trendline (support) the market will then move downward

How Do I Trade an Uptrend Reversal? - Strategy for Trading a Upward Trend Reversal

Upward Trendline Break - Up-wards Trend Reversal Strategy

After price has moved in an upwards direction for an extended period of time within a up trend it reaches a point where it stops moving within upwards trend. When this occurs we say the up-wards trend line has been broken & this is interpreted as a up-wards trend reversal.

Since the up-wards trendline is the point of support & this point of support has been broken after a uptrend line break - then we expect price to move down-wards towards the opposite direction & this is interpreted as a uptrend reversal signal.

This reversal signal can be combined with the double tops reversal chart patterns explained below:

Combining Upward Trendline Reversal Signals with Double Tops Reversal Patterns

A good trade setup to combine upward trend reversal setup with is the double tops patterns - Double Tops Reversal Chart patterns Guide.

Double top reversal setups setup should already have formed before the uptrend line break signal. Because these double tops are also reversal signals, then combining these two trend reversal setups will give traders good probability to avoiding a whipsaw.

In the above upward trend reversal setup these double tops reversal setups can be confirmed to have formed even before the trendline reversal signal appeared.

Example of Upwards Direction Reversal - the Double tops reversal pattern had already formed before up-wards trend line break signal appeared on the chart.

Combining Forex Up-ward Trendline Reversal Signals with Double Tops Reversal Pattern