Double top/Double bottom intraday in YM market

November 24th, 2014, 04:02 PM

Hello,

I have searched through lots of forums, but was not able to find exactly what I have been looking for..
There is actually a lot of useful information about how to use double bottom and top formations in trading, but I think that all is connected mosty with swing and position trading, but what about use in INTRADAY trading? What are your experience with intraday trading DT/DB ?

Thank you, I am very happy for any answers

November 24th, 2014, 08:22 PM

As you probably know I don't intra-day trade but I am a chartist and in general most patterns and features of daily charting translate down to intra-day trading.

Of course a double top is generally regarded as a bearish formation and conversely a double bottom is a bullish formation.

I did some digging and it was not too hard to find reference to using these formations intra-day and on reading then I find nothing to disagree with.... here are the links I found

Double Top

Trading an Intraday Double Top

Double and triple tops are reliable stock chart patterns

Double Bottom
Triple and double bottoms stock chart pattern trading rules and ideas

Here is even a site that gives you alerts on Double bottoms....saving you finding some

Recent "[AUTOLINK]Double bottom[/AUTOLINK]" Alerts

you may have looked through a number of forums looking for discussions on this subject but Google gives you tons of hits

https://www.google.ca/?gws_rd=ssl#q=double+bottom+intraday

https://www.google.ca/?gws_rd=ssl#q=double+top+intraday

Double top/Double bottom intraday in YM market

Discussion in Emini and Emicro Index

Double top/Double bottom intraday in YM market