Double and triple tops
Peaks that share a band, and the one line that turns them into a pattern.
Recognise a double top, a double bottom and their triple versions as peaks or troughs that share one band, and decide whether two swings are "equal" by a stated tolerance measured against ATR rather than by eye. Name the confirmation line — the swing between the peaks — before it is broken, tell the pattern from a mere pair of peaks, and see a triple top for what it is: a range, described from the close that ended it.
5 chapters · 6 quiz questions · 9 terms · included with a plan
Otus, on this module
Every market makes two peaks at similar prices all the time. Most of them are nothing — just a level being tested twice. The pattern people call a double top is a much rarer thing, and the difference between the two is one line and one close. That line is what this module is about.
The chapters
Each module ends with you doing what it taught — a written answer Otus reads, and a quiz.
- 01 · Read
Two peaks, one band
What a double top records, and the line that has to break before it is one.
- 02 · Read
How equal is "equal"?
A tolerance stated in advance, measured against ATR — not an impression.
- 03 · Watch
Watch: The Double Top
One minute, once it is public.
- 04 · Read
Triple tops, and why a third peak changes less than it seems
Three tests of one band are a range until the floor gives way.
- 05 · Write
In your own words
Two sentences with numbers in them. Otus reads them.
- 06 · Quiz
Six questions
A wrong answer still pays. It costs the combo, not the XP.
9 terms this module defines
The same definitions Otus uses in the lessons. All of them are in the trading glossary.
- Double top
- Two swing highs in one band with a swing low between them, completed by a close below that swing low. Before that close, it is two tests of a resistance level.
- Double bottom
- Two swing lows in one band with a swing high between them, completed by a close above that swing high. The mirror of a double top, with every caution intact.
- Triple top
- Three swing highs in one band, completed by a close below the troughs between them. A trading range whose floor gave way, described from that close.
- Triple bottom
- Three swing lows in one band, completed by a close above the peaks between them. A range whose ceiling gave way, described from that close.
- Confirmation line
- The swing between the peaks of a double or triple top, or between the troughs of a bottom. The level whose close-through completes the pattern.
- Middle trough
- The pullback low between the two peaks of a double top. It is the last higher low of the advance, which is why a close below it is a break of structure.
- Peak tolerance
- How far apart two swings can be and still count as "equal", stated before the second one forms. Usually expressed as a fraction of ATR so it scales with the market.
- Two peaks, not a pattern
- Two swing highs at one price without a close through the swing between them. A level tested twice — very common, and not yet a double top.
- Range described afterwards
- The honest reading of a triple top or bottom: a range tested several times at one edge, named for the edge that gave way. Had the other edge broken, no peaks would be mentioned.
Finishing it pays 150 XP and 3 keys on the game board, on top of what each chapter earns. XP measures what you learned — never what you earned. How levels work.
Education only. Nothing here is a recommendation to buy or sell anything; the school teaches reading charts, never predictions.
Start with lesson one.
The first modules, Otus as your tutor and the game board are free. No card needed.