Double Top/Bottom Trend Reversal Strategy

ASX Stock Market Scan

Scan Parameters

Market: ASX

Tickers Scanned: 20

Signals Found: 0

Min Risk/Reward: 1.5

No signals found in the ASX market matching your criteria. Try adjusting the scan parameters or selecting a different market.
Market Scanner
Scan for Trend Reversal Patterns

Find stocks showing double top/bottom patterns with our automatic scanner.

Each scan analyzes up to 20 popular securities from the selected market.

Analyze Symbol

For US stocks, use symbols like AAPL, MSFT. For ASX stocks, use CBA.AX, NAB.AX.
Strategy Tips
Effectiveness by Market
Market Effectiveness Notes
US Stocks High Works well with clear support/resistance
ASX Stocks High Best with high-volume, liquid securities
Improving Accuracy
  • Look for divergences in RSI and MACD
  • Confirm with volume spikes on breakouts
  • Trade on higher timeframes (daily, 4H)
  • Best at key support/resistance levels
Best Volume Indicators

Adds volume on up days, subtracts on down days. Watch for:

  • Bullish divergence + double bottom = strong long signal
  • Bearish divergence + double top = early warning of reversal

Measures buying and selling pressure based on price and volume.

  • CMF > 0 = accumulation (good for double bottom)
  • CMF < 0 = distribution (good for double top)

Shows volume traded at each price level, not just over time.

  • Helps identify strong support/resistance zones
  • Confirms whether breakouts have conviction