Wednesday's Humpday, Aug 18th Pre-Market Runners. Not My Portfolio, Not Financial Advice.

Double and Triple Tops
Understanding Double and Triple Tops: 
As you become more comfortable trading and analysing charts you will come to notice formations known as “Double”(DT) or “Triple”(TT) tops. These formations are extremely common and are widely used by technical analysts to find entrance and exit points. 
While a DT or TT is forming you will see the price action try and break through the previous high and fail. The price will then drop until more buyers enter and drive the price back up to test the previous high, 
This back and forth with constant rejection at a fixed price point can be a sign that buyer interest is waning, (Conversely, a topside breakout is a sign that seller interest is subsiding) This is why the DT and TT are seen as TREND REVERSAL FORMATIONS. When the price breaks out of the current channel, in either direction, it often signals a trend reversal. 
Retests and slight corrections (2nd chance)
After the initial breakout there will generally be what is known as a “retest”. A retest is when the price drops after the initial breakout and tests the previous resistance (Now the speculated support). 
I use the next candle after the retest as my signal to enter if I missed the initial breakout. A candle reaching higher highs after the retest is a well established signal of a continued uptrend. 
Using DT and TT:...