In this Thread, We will cover some important Reversal Patterns.

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@kuttrapali26 @caniravkaria @Jagadeesh0203 @KommawarSwapnil

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1. Double Top

a. Two successive peaks separated by an opposite reversal point.

b. Either rounded or pointed peaks that are usually at roughly the same price.

c. Price must break out of middle reversal point.

2. Double Bottom

a. Two successive troughs separated by a peak.

b. Either rounded or pointed troughs that are usually at roughly the same price.

c. Price must break out of middle peak.

3. Head and Shoulders

a. Three peaks with center peak higher than the other two.

b. Shoulders should be at approximately the same level and the head higher.

c. Target is the distance from the head to the neckline projected from the neckline.

4. Inverse Head and Shoulders

a. Inverted but otherwise identical to above pattern.