Category:DTBRF

Double Top Bear Flag, more reliable especially when close to EMA. When there is a strong bear sell signal bar, there is a 40% chance of a breakout below the recent swing low, which is the neck line of the double top, and a measured move down. Note that traders should look for DTBRF at EMA area, when the bull leg that formed the 2nd top is also a wedge, plus a reasonable strong bear reversal bar not far above EMA, it will be a strong short setup. This type of setup is also called DTWBRF, see bar 8-19 on 20230103 for example^[1].