July 2015
Intermediate to advanced
352 pages
9h 40m
English
book
A Technical Approach To Trend Analysis: Practical Trade Timing for Enhanced Profits
by Michael C. Thomsett
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Double Top and Bottom
The next formation is one of the often found, cited, and relied upon spot reversals. The double top and double bottom are a set of spikes in close proximity to one another. When these are found at or close to resistance (double tops) or support (double bottoms), the likelihood of reversal is very high.
However, the definition of “close proximity” is far from clear. The two spikes might be found in two consecutive sessions, or they might be a month apart. As a general observation, proximity is a relative term. So when you’re looking at a one-month chart, a spike near the beginning and another near the end can hardly be thought to be related. However, when you’re looking at a three-year chart, the one-month separation is not ...
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I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
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