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The instructor presents the information in a easy to understand, and friendly manner, https://www.bhaktiyogaretreat.org/community/profile/binance11792301/. After hitting the bottom once, rising once, and hitting the bottom again, the double bottom occurs when prices break through the neckline to complete the ‘W’ formation. Prices may rally to a recent high following a downtrend, then fall again to the level of the previous low, before rallying a final time to break out above the previous recent high to complete the formation and reverse into an uptrend. To calculate price targets for double top highs, you can add the height of the formation to the breakout point. Or, you can analyze the ratio between the formation’s bottom and the first rally’s high. If the bottom of the formation is 5, for example, and the first rally reaches 10, then the price target would be 20. Triple Top & Triple Bottom. 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