Does it still count as a double top if it's a few ticks higher/lower? Like a "Trader Vic 2B top" or whatever it's called?
Why did you draw that line at that angle? How do you know the price is done going down and it's even ok to have the line there in the first place?
ill let the picture speak for the angle and line probabilities scream reversal i didnt KNOW psychically it was gonna reverse i just played the odds all vehicles have their own characteristics... they ALL act differently so you have to adjust for them all no one size fits all trade what you know and you trade the hell out of it ... trade it well
This is where your PA skill shine, watch the second top. What is the percentage of a candle body above the line? Is the close stay below the line? Are there more wicks than bodies above the line? etc. If it looks like a d/top then it's a d/top.
its ALL logic luckily im a finance/philosophy major who loved stats... trading well is the easiest thing in the world getting there is the hardest part