Is this a classic double top formation?

dangomango · July 10, 2013, 2:45am

is the line I drew the neckline?
or is it the support below it?

dangomango · July 10, 2013, 2:54am

classic double bottom?

dangomango · July 10, 2013, 2:59am

here another pic
would you consider line 1 to be the neck? or line 2?

dangomango · July 10, 2013, 3:03am

is this the inverse heads n shoulders?
if so the neck is pierced thru right?

GRIX_FX · July 10, 2013, 4:52am

Which instruments are these charts in reference to?
The Double Top is fine
The Head and shoulder inverse looks good
The one you called a double bottom is in fact a head and shoulder inverse?

Refer to the babypips school.
Grix

dangomango · July 10, 2013, 8:23am

first pic i lost tracked of already…
double bottom = gbp/usd daily
3rd pic = gbp/nzd daily
inverse heads+bottom = aud/chf daily

what about the neckline? were they good?

GRIX_FX · July 10, 2013, 8:39am

The neckline should have have several touch points and not necessarily a straight line.

Kanbike · July 10, 2013, 10:33am

Yes, that is a double top! Good spotting. Now trade