Inside technicals and chart patterns by 
I’ve been utilizing AutoChartist quite a bit in the chats and I think this tool is a powerful one especially if you are an independent trader like me. Sitting in an office, usually by myself or occasionally with another trader can leave you feeling a little short handed. There is always more your wish you could see or scan or react to and being one person — it can be tough.
One of the ways I tackle this in my office is to use AutoChartist.
Here I was alerted to a double top pattern on the 30 minute AUD/USD
I am going to discuss some of the steps to confirm AutoChartist results. These are from AutoChartist University. (www.autochartistuniversity.com) The indicator to watch closely is the Initial Trend which lets you know the strength of the trend that preceded the pattern formation.
In congestion or consolidation patterns like a double top, the trend should ofcourse be up before the pattern but it should transition into a sideways market as the pattern develops.