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

Tagged: duration of two Double Top

This topic has 270 replies, 270 voices, and was last updated 2 years, 7 months ago by Divya E R.

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February 3, 2017 at 12:22 AM #64678

Shantanu
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it can be identified when two equivalent top forms in the chart

1. the gap between two equivalent tops should be at least 20 days.
2. the volume at the second top should be high or when the trend crosses previous low

February 3, 2017 at 8:42 AM #64708

monish kumar
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Rank: Level 4

There must be an equivalent two tops. duration between the tops are minimum atleast 20days is must.

conditions: when during the second top the volume must be higher or during crossing the neck line(previous low) there must be witness of high volume then short position can be created in statement of bearish trend.

February 4, 2017 at 4:30 PM #65000

satish katwate
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Rank: Level 5

Double top conditions Two equivalent tops Volume should be high after the second top duration is 20 days to 1 month Short position can be created below the previous low.

February 7, 2017 at 9:17 PM #65810

vishal
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Rank: Level 2

Two equivalent tops know as a double top.Volume should be high after at the second top. time duration is 20 days to 1 month,
A short position can be created below the previous low.

February 8, 2017 at 9:22 PM #65933

AMARNATH
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he Double Top Reversal is a bearish reversal pattern typically found on bar charts, line charts and candlestick charts. As its name implies, the pattern is made up of two consecutive peaks that are roughly equal, with a moderate trough in-between.
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