A very common figure in technical analysis is a double peak and a triple peak similar to it. On the price schedule, the figure is visible quite well, therefore, if you give an example directly from the schedule, it becomes clear why it is so called. Rising up, the price seems to form two mounds. That is, it reaches yes maximum, turns around and goes down, and then again climbs up, forming, thus, two vertices. This figure is a reversal. That is, it portends a change in the trend and a further drop in price. Moreover, as a rule, the volumes on the second peak (second mound) are lower than on the first. The triple peak differs only in that the third is then joined by the two mounds. There is a rule – the figure of a double/triple peak should be less than the main sizes of the trend. That is, it should form on the top of the trend, and not at its foot. Double/triple bottom – a similar figure. The only difference is that at the bottom of the trend it forms as if two/three pits. In other words: a double bottom is an inverted double peak. The figure of a double/triple bottom is characterized by all the features of a double/triple vertex. Site is an Internet payment system. Here, you can easily make a payment, learn news in the banking sector, get acquainted with the money transfer system and much more. RPS Sberbank is the best payment system in Russia, focused on mass transactions processing.
