How to Determine High Price in Forex Market

A reversal pattern is a price pattern that signals a change in trend. The reversal pattern identifies a price reversal. Generally, chart patterns that signal this reversal will appear at the top or bottom of the price. This pattern identifies that the price trend is no longer able to go up or down, so when the pattern is formed, the price will reverse to form a new trend. Chart patterns that include reversal patterns include:

Head and Shoulders

The head and shoulders chart pattern signals two smaller price moves around one larger one.

Double Top and Double Bottom

The double top chart pattern is shown as the letter 'M'. An initial push to the resistance level, followed by a second failed attempt, resulting in a trend reversal. While the double bottom is a chart pattern that looks like the letter W. Occurs when the price tries to break through the support level, but fails. This often results in trend reversals.

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