The setup is when the market makes a single top or bottom. Now the market will begin the move back to generate the double top or bottom formation.
The Momentum model is to trade in the direction of last top or bottom expecting it to make the move to setup and create a Double Top or Bottom pattern formation.
This is how most day traders in the world trade. It is also called running stops.
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.