How Do I Analyze Upward Trend Line Reversal Signal Combined with Double Tops Chart Pattern?
How Do You Trade Upward Trend Line Reversal Signal Combined with Double Tops Chart Pattern?
Upwards Trend Reversal
When price breaks below upward trend-line (support) the market will then move down-ward
How Do I Analyze Upwards Trend Line Reversal Signals Combined with Double Tops Reversal Chart Setup Patterns?
Upwards Trend Reversal Strategy
After price has moved in an upwards direction for an extended period of time within a upward trend it reaches a point where it stops moving within upwards trend. When this happens we say that the upward trend-line has been broken & this is interpreted as a upward Trend Reversal signal.
Since the upward trend line is the point of support & this point of support has been broken after a upward trend-line break - then we expect price to move downwards towards the opposite market direction and this is interpreted as a upward Trend Reversal signal.
This reversal signal can be combined with the double tops reversal chart patterns explained below:
Combining Upwards Trend Line Reversal Signals with Double Top Reversal Chart Setup Patterns
A good trade setup to combine upward trend reversal setup with is the double tops patterns - Double Top Reversal Chart setups Guide.
Double tops reversal patterns setup should already have formed before the upwards trend-line break signal. Because these double tops are also reversal signals, then combining these 2 trend reversal setups will give traders a good probability of avoiding a whipsaw.
In the above upwards trend reversal setup these double tops reversal setups can be confirmed to have formed even before the trend line reversal signal appeared.
Example of Upwards Direction Reversal - the Double tops reversal pattern had already formed before upwards trend line break signal appeared on the chart.
How Do I Read Upward Trend Line Reversal Signals Combined with Double Top Reversal Chart Setup Patterns?
How Do You Analyze Upward Trend Line Reversal Signals Combined with Double Tops Reversal Chart Setup Patterns?
