Decoding the Double Top Pattern

The double top pattern is a bearish reversal pattern that is created after an extended uptrend. When the price makes two successive highs that are almost equal, a double top pattern is formed.

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Let's learn important points

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When to trade?

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Target?

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Stoploss?

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Decoding the Double Top Pattern

The double top pattern is a bearish reversal pattern that is created after an extended uptrend. When the price makes two successive highs that are almost equal, a double top pattern is formed.

Let's learn important points

When to trade?

Entry can be taken when the support level between the 2 tops is broken.

Target?

Target is calculated by projecting the height of the pattern downwards from the breakout level.

Stoploss?

Stoploss can be placed above the resistance zone.

Complete information about double top pattern.