Price action and patterns

Double top or bottom

15m–1H

The rules, in plain English. Ask Wicky “Is my setup here?” and it checks each one on your chart, says what’s still missing, and draws your levels.

The rules

Pattern: two highs (top) or two lows (bottom) at about the same price, with a clear pullback between them. The pullback's end is the neckline.
Better: the second top or bottom takes the first one's stops with a wick and closes back.
Trigger: a candle closes through the neckline.
Entry: the close of that candle, or a retest of the neckline that holds.
Stop: beyond the second top or bottom.
Target: the pattern's height measured from the neckline. At least 2R.
On the chart: both tops or bottoms and the pullback between them.

Try this setup on your chart ›Wicky for Mac

How Wicky checks it

Hold ⌃⌥ over your chart and ask. Wicky reads the chart on your screen, on any platform, and checks every rule above, starting with “Pattern: two highs (top) or two lows (bottom) at about the same price, with a clear pullback between them. The pullback's end is the neckline”. Then it answers out loud: not yet, and what you’re still waiting for, or your entry, stop and target with the risk-to-reward, drawn on your chart and locked to it as you scroll.

Trade it a little differently? Change any rule, or write your own in plain English. Wicky checks your version, not a textbook’s.

Wicky checks your own rules. It doesn’t tell you to buy or sell, doesn’t predict price and never places trades. Trading involves substantial risk of loss. ICT and Smart Money Concepts are named to describe setups; Wicky isn’t affiliated with their authors.