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Technical Market Research and Investor Coaching

Delivering technical research of the financial markets
and offering professional guidance for those who wish to improve their trading performance.

Chart Patterns

Double Top

Pattern Description:

The double top is a major reversal pattern that forms after an extended uptrend. The pattern is made up of two consecutive peaks that are roughly equal, with a moderate trough in-between. As illustrated below, a double top consists of two well-defined, sharp peaks at approximately the same price level. A double top occurs when prices are in an uptrend. Prices rise to a resistance level, retreat, return to the resistance level again before declining. The two peaks should be distinct and sharp. The pattern is complete when prices decline below the lowest low in the formation. The lowest low is called the confirmation point.

When to get in and out of a trade

In the brief video, Greg Lewis demonstrates how the MetaStock Expert Advisor helps you to determine when to enter and exit a trade.

A Lesson in Trading Psychology

by Brett N. Steenbarger, Ph.D.

Back in 2004, I joined Kingstree Trading, LLC, a proprietary trading firm in Chicago. There, I had the good fortune to get to know--and observe--many successful traders at work. One lesson particularly stands out in my mind. A trader saw buying come into the market, and he quickly jumped on board. He saw that the odds of taking out a recent high were good, given the size of the buying. To his surprise, however, the trade stalled out before the target and reversed. He quickly exited with a tick...

Royal Bank of Canada - the air is getting thin up here.

2026-01-23 by Tim Straiton

Current price is $168.86 and 15% above its 40 week moving average. There are a number of reasons why one should look to secure profits on long positions here.

The weekly choppiness index at 33 suggests that a bout of panic buying or short covering has recently taken place. Furthermore, the MACD-V level of +224 stands at a multi-year high. The Fibonacci 78.6% upside projection target of $174.32, based on the $49.55 to $119.41 range traded between March 2020 and January 2022 has recently been reached and rejected.

Disclaimer

Our opinions are not a recommendation to buy or sell a security. Your decision whether or not to open a transaction should be based on your own due diligence and not on any representation we make to you

Featured Site

The Stock Trading Reality Podcast by ClayTrader

Site Description:

It is designed to educate investors of all experience levels. We interview real traders, discuss their trading journey, and lessons they learned along th e way, both positive and negative.