The forex industry is made up of countless definitions and it's easy to forget a few along the way. But because no forex education can be complete without a glossary of forex terms, we've compiled one which aims at explaining key definitions in the simplest way possible. This way, you'll never be lost or confused again!
A reversal pattern, similar to double top and double bottom, found in point & figure charts. It is characterized by a move in the congestion area of the pattern and a following move in the opposite direction.
Category: Technical Analysis