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<oembed><version>1.0</version><provider_name>NewsBTC</provider_name><provider_url>https://www.newsbtc.com</provider_url><author_name>zsolt</author_name><author_url>https://www.newsbtc.com/author/zsolt/</author_url><title>Tops and Bottoms</title><type>rich</type><width>600</width><height>338</height><html>&lt;blockquote class="wp-embedded-content" data-secret="ZSg8m2oE7a"&gt;&lt;a href="https://www.newsbtc.com/topic/tops-and-bottoms/"&gt;Tops and Bottoms&lt;/a&gt;&lt;/blockquote&gt;&lt;iframe sandbox="allow-scripts" security="restricted" src="https://www.newsbtc.com/topic/tops-and-bottoms/embed/#?secret=ZSg8m2oE7a" width="600" height="338" title="&#x201C;Tops and Bottoms&#x201D; &#x2014; NewsBTC" data-secret="ZSg8m2oE7a" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"&gt;&lt;/iframe&gt;&lt;script&gt;
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</html><description>Head and Shoulders Head and shoulders are top and bottom formations, that represent a winning and losing battle of tug of war between buyers and sellers.&#xA0; After a game of push and pull, one side breaks and the pattern is confirmed. A large move results that often kicks off a longer term trend. Inverse Head and Shoulders Inverse head and shoulders are the same as head and shoulders, just flipped upside down. The push and pull price action still develops a left and right shoulder, along with a low point or head. When the resistance line is reached once again, a breakout follows. In this case, a throwback confirmed former resistance as support before the target was reached. Double Top When the price peaks out at two similar price levels, it is called a double top. Double tops are a common occurrence in trading. Assets may need several retests of support or resistance before a trend fizzles out. This results in two or more peaks.&#x171; Double Bottom Double bottoms act the same way, requiring two strong pushes to support before a reversal takes place. In the below example, a Adam and Eve double bottom is depicted. It differs from a traditional double bottom by having a second, rounded bottom instead of two sharp points such as the top example above. Triple Tops and Bottoms Much like a double top or bottom, a triple top or bottom features a third and final test of support or resistance before a reversal takes place. By the third test of the support or resistance holding, it is a signal that it likely isn&#x2019;t going to break and needs to gain momentum once again before another attempt is made.</description><thumbnail_url>https://www.newsbtc.com/wp-content/uploads/2020/08/Kepkivagas-23.jpg</thumbnail_url></oembed>
