adam and eve pattern target

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What is the Adam & Eve pattern?

The Adam and Eve pattern is a slightly different variation of the double top and bottom chart pattern that signals the start of a new trend. When the bullish version appears, the first bottom, the Adam, has a V-Shaped. After Adam, the price makes a U-shaped consolidation phase, thus forming Eve. The same applies to the bearish version.

Is Adam and Eve a double top or double bottom pattern?

In essence, Adam and Eve is a variation of double top and double bottom patterns and is only slightly different from the traditional double bottoms/tops.

How to trade with Adam and Eve pattern?

Recommended for trading with the Adam and Eve pattern. Enter a trade when the price breaks above the resistance line or below the support line Set a stop loss at the neckline level. Volume confirmation is essential. Confirms buying or selling pressure. Provides a strong signal for a trend reversal.

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