Double Top Buy

The double top buy is a bullish swing breakout pattern. A column in P&F chart represents a swing move. Price remains in the same column unless a reversal criterion is satisfied, so there can be multiple sessions in the same column.

Double top buy is a 3-colum basic bullish breakout pattern. When price moves above the high of previous immediate column of ‘X’, the double top buy pattern gets formed. It is an objective bullish breakout pattern that shows that price has made a new swing high.

The double top buy is a traditional P&F pattern.

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This pattern can be plotted on the chart by adding it from the Add study menu in TradePoint & Patterns in RZone. The pattern is also available in the System Builder section. By combining this pattern with other patterns and indicators, you can create your own trading strategies. For any group of stocks and market segments, you can scan and backtest stocks based on those strategies.