1. Double Top Pattern
This forms when the price reaches the same resistance level twice and fails to break it.
It is a bearish reversal signal.
How I used it: I waited for the price to break the neck line, then entered on the retracement test.
Target: previous support area. Stop loss: above the second top.
2. Double Bottom Pattern
Opposite to the Double Top. It forms when the price reaches the same support level twice and fails to go lower.
It is a bullish reversal signal.
How I used it: After the break of the neck line, I waited for a retracement to occur and entered long.
Target: previous resistance. Stop loss: below the second bottom.
3. Breakout Entry + Retracement Test (The Real Secret)
Whether it's a double top, bottom, or even a trend line, breakouts are powerful.
But the real entry comes on the retracement test. That's where most traders hesitate, and smart money enters.
This entire chart is a textbook example of how simple price action can give you clean, high-probability trades.
In a few weeks, using this exact strategy, I made $10,000. No indicators. No noise. Just smart entries on retracement tests.