Characteristics
Two consecutive, roughly equal peaks with a moderate trough inbetween
When it forms
A major reversal pattern, it occurs after an extended downtrend
What it suggests
Often represents a reversal pattern that indicates a minor, if not long term, change from a downtrend to an uptrend.
Two consecutive, roughly equal peaks with a moderate trough inbetween
When it forms
A major reversal pattern, it occurs after an extended downtrend
What it suggests
Often represents a reversal pattern that indicates a minor, if not long term, change from a downtrend to an uptrend.