$RUBE Adam and Eve Pattern Performing in 1d

What is the Adam and Eve Chart Pattern?

Adam and Eve is a bullish and bearish reversal chart pattern that appears in a downtrend or uptrend. The pattern was first mentioned in the book Encyclopedia of Chart Patterns by Thomas Bulkowski, and until these days, it is a relatively unfamiliar classical chart pattern to many traders worldwide. 

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. The pattern is marked by the first bottom or top, the Adam, then the price moves up or down and creates another U-shaped where we can see Eve.

So, instead of having two peaks like in the double top or double top (or three peaks for the triple bottom and the triple top pattern), Adam and Eve is formed by two highs – the first is a peak while the other has a round shape.

Overall, it is an excellent chart pattern to find entry levels as it gives you double confirmation of the price failing to break above or below a specific price level.

Comment:

Target #1 and #2 killed with 15%