Notes
- Double tops and double bottoms are basically what Michael refers to as relatively equal highs and lows.
- The algo remember the double bottoms and tops as reference points.
- We never trust double tops and double bottoms. We always expect them to get swept.
- The double top formation can be used to project the expected move above its highs (buy-side liquidity sweep).
- The double bottom formation can be used to project the expected move below its lows (sell-side liquidity sweep).
- The extreme ends of the trading range represent locations where high-probability setups occur.
Double Top - AUDUSD Example
Double Top - Price Movement Projection
Double Bottom - Price Movement Projection
Next lesson: ICT Mentorship Core Content - Month 5 - Quarterly Shifts & IPDA Data Ranges
Previous lesson: ICT Mentorship Core Content - Month 4 - Divergence Phantoms