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Flysheet – chart pattern reversal

February 18, 2011 by Forex Market

The double top chart pattern is a reversal that forms after a large upward trend. As its name suggests, the pattern is characterized by the formation of two consecutive maxima practically the same, with a moderate fall in between. Graphic pattern “double roof” is a sign of turnaround both in the medium and long term bullish to bearish (although, of course, there may be variations). During the course of an upward trend can be observed repeatedly maximum at the same level without a change in trend, this is because …

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