Major Trend Reversal Down From Lower High That Was a Double Top.
Typical example: after BX, market is in TTR, which at the same time formed DT, then bear reverse down. See example Example 20230809.
Buy Climax, one or more big bull bars closing near their highs. ➟ More about BX
Tight Trading Range, limit order market, bad for scalping with stop orders. Most traders should wait. Usually the bars are small and tends to reverse every 2 or 3 bars, but sometime the bars can be big, however if they still reverse every 2 or 3 bars, bad for stop entry traders, making it essentially still TTR, for e.g. the TR open on 20221115.. 窄幅震荡。 ➟ More about TTR
Double Top, or two consecutive bars with identical highs. 双顶。 ➟ More about DT
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