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The Double Top pattern is an easily recognizable reversal pattern. This pattern is usually formed near the resistance level and signals a situation on the market when the price fails to break the resistance line two times in a row. Below you can see a picture of the Double Top pattern.

Importantly, the second top on the picture is slightly lower than the first one which is an obvious signal that the resistance level will not be broken and the price will surely reverse. Traders are better to enter the market when the price is located at the second top or at the level of the neck line.

Let’s see what further developments we may see:

The amplitude of a decline usually equals the height of the Double Top pattern. Experienced traders say that these patterns are better to be found only after really strong trends. For example, in the sluggish sideways market such figures are of no importance. Moreover, such patterns are usually found on bigger time frames starting from 1 hour.

Actual patterns

Fundo duplo
was formed on 27.06 at 22:00:45 (UTC+0)
signal strength 3 of 5

Fundo duplo AUDCHF M30

O padrão Fundo duplo foi formado em AUDCHF M30. Esta formação sinaliza uma reversão da tendência de baixo para cima. O sinal é que uma negociação de compra deve

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Fundo duplo
was formed on 27.06 at 16:30:07 (UTC+0)
signal strength 3 of 5

Fundo duplo #TSLA M30

O padrão Fundo duplo foi formado em #TSLA M30; o limite superior é 330.73; o limite inferior é 319.85. A largura do padrão é de 1057 pontos. No caso

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Fundo duplo
was formed on 27.06 at 09:30:29 (UTC+0)
signal strength 3 of 5

Fundo duplo AUDCAD M30

O padrão Fundo duplo foi formado em AUDCAD M30; o limite superior é 0.8942; o limite inferior é 0.8920. A largura do padrão é de 21 pontos. No caso

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