Double Top & Double Bottom Metals Trading Strategies

A trader should wait for the metals price to turn in the opposite direction after touching one of the metals trading Bollinger bands before considering that a metals trading reversal is happening.

Even better a trader should see the metals price cross over the moving average.

Double Bottom Metal Trend Reversals

A double bottoms is a buy metals signal setup. Double top occurs when metals price action penetrates the lower Bollinger band then rebounds forming the first metals price low, then after a while another metals price low is formed, & this time it's above the lower Bollinger band.

The second metals price low must not be lower than the first one and it important is that the second metals price low does not touch or penetrate the lower Bollinger band. This bullish metal trading setup is confirmed when the metals price action moves and closes above the middle band (simple moving average).

Double Bottom - Bollinger Bands Metals Trend Reversals Trading Strategy Using Double Bottoms Metals Chart Patterns

Double Top Metal Trend Reversals

A double top is a sell metals signal setup. Double top occurs when metals price action penetrates the upper Bollinger band then rebounds down forming the first metals price high., then after a while another metals price high is formed, & this time it's below the upper Bollinger band.

The second metals price high must not be higher than the first one and it important is that the second metals price high does not touch or penetrate the upper Bollinger band. This bearish metal trading setup is confirmed when the metals price action moves and closes below the middle band (simple moving average).

Double Top - Bollinger Bands Metals Trend Reversals Trading Strategy Using Double Tops Metals Chart Patterns