What is Double TOP? What are their conditions to determine the bearish trend?

[Naveen]

two equivalent tops is known as double top

conditions:

1.the duration should be 20 days

2.volume should be high in the second top

3.the price should go below the previous buying zone the we can create a short position

[Padmavathi Sukumar]

Double top is another price pattern which can be determined when the duration between 2 equivalent tops is close to one month. The conditions for a double top are: There should be 2 equivalent tops in a time interval of close to one month. The volume at the second top should be high. If the above conditions are satisfied then a short position can be created when price comes to a point below the bottom located between the 2 equivalent tops identified

[KRISHNA KUMAR MS]

Double top is a price pattern in Technical analysis.

Conditions to determine a bearish trend using this price pattern are as follows.

1) Duration between 2 equivalent tops is close to one month.

2) There should be 2 equivalent tops in a time interval of close to one month.

3) The volume at the second top should be high.

If the above conditions are satisfied then a short position can be created when price comes to a point below the neck line located between the 2 equivalent tops.

[kanakaraj]

Double top is two equivalent tops.

Conditions to determine bearish trend:

1. Volume at second top or breaking point should be high.

2. Duration between the two tops should be 20 days

3. short positions can be created below the breaking point.

[Ravishankar]

It follows the doe theory but gives early signal

Identify equivalent tops/Bottoms

Duration between top and bottom should be min. 1 months

Volume should be high at second top/bottom or while crossing the neck line

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