The double top and bottom strategy is a very popular reversal strategy.
Therefore when it fails, a lot of traders will be in losing positions and adjust their positions.
This will create good volume, high volatility, and potential strong price moves to trade.
Most often, it will be beginner traders not knowing the right time to trade the double top and bottom.
The beginner trader spots a double bottom and enter a trade when price makes a new high.
By the way, that's too late.
Stop loss is placed below the double bottom low and take profit at risk reward ratio
1 (because the beginner trader doesn't understand the importance of trading with a good risk reward ratio yet).
Then price immediately reverse and the beginner trader is stopped out for a loss.
That's not all...
Price then reverse and and makes a 10X signal indicating that buyers are in control.
The beginner trader, frustrated because of the loss, don't want to take a new position.
"If price get back to the level where I got stopped out I will buy."
But price keeps rising creating higher highs and a strong bullish trend.