What Is Double Top?
The Double Top is a bearish reversal chart pattern where price reaches the same resistance level twice and fails to break through, forming an M shape. The pattern confirms when price breaks below the neckline (the low between the two peaks).
Win Rate
70%
Avg Move
Peak-to-neckline distance
Best TF
Daily
BearishChart FormationMany CandlesBeginnerHigh Reliability
Key Characteristics
- Two peaks at approximately the same level
- Forms an M-shaped pattern
- Neckline is the low point between the peaks
- Volume typically lower on the second peak
- Confirmed on neckline break with volume
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