Another commonly used chart pattern, the double top or double bottom formations. These two formations can also be extended to triple tops and triple bottoms as the underlying signals and principles remain completely the same.

Part of our multimedia library, learn in this video what is double top and bottom formations in Forex and how to use them on your trading strategy.

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If you would like to know more about different technical analysis techniques and how to use them on your Forex trading strategy, please read our complete article What is Technical Analysis in Forex.