Double Top / Bottom model -
The model suggests that markets will make a move to create cycle bottom or top, then retest the recent price move over the next set of bars.
What Time Period(s)?
The pattern can happen within the next bar, or over the next several bars. If the last move was a cycle low, then one would expect either a 4 to 9 bar cycle high to occur then the retest to the low to create the double bottom, but they can also happen on the next bar.
The next bar can be looked at as a double bottom or the Prophet Target model.
How do they look?
When they do happen, the price action may not take out the recent high or low price, or advance a little past and both of these are considered Double Bottom / Top style models.
Fade or Momentum?
These are at first considered fading patterns, meaning the market has initially found support or resistance. The momentum patterns can happen when prices advances much past the previous high or low.
A Triple Top / Bottom model is considered momentum where a Double Top / Bottom is consider at first a fading model.
Past performance is not necessarily indicative of future results.
Futures, Options on Futures and Forex trading involves a substantial degree of risk of loss and is not suitable for all individuals. An investor could lose the entire investment or, in some cases, more than the initial investment. Past performance is not necessarily indicative of future results.