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

[Vishal Rath]

Double top is a pattern which has 2 tops and 1 bottom between the tops.

Conditions: The traded volume should be high at right top or at price of previous bottom after the right top. Minimum duration is 20 days.

[Darshan Arvindbhai Shah]

Double Top is the Price Pattern by which we can identify the Strong Supply Zone

To confirm we need following conditions

 

1. Two Equivalent Top

2. Volume Should be Higher at Second Top  or else at least Volume should be Higher

When prices moving Down Side and comes near the previous Bottom to the Second Higher Top

3. The Duration Should be at least 1 month between Both Tops

 

When above conditions matches ..

We Can Create Short Position when price goes further down to the level of Previous Bottom to the Second Higher TOP

and Crosses that level ..    We Can determine  Bearish Trend

[Dipakk Mehta]

When two equivalent tops are formed next to each other around the same price with a minimum duration of 20-30 days between the tops, it is a double top.

volume should be higher at the second top or at the level of previous bottom. A short position can be created when these conditions are matched.

[Vijayavani]

If we could identify double top which can be more or less equal within a month and the traded volumes are high at the second top, then it determines the bearish trend.

[S Suresh]

When two equivalent tops are identified in the chart, the volume at the second top or bottom should be high and the duration to form the two tops should be minimum of 20 days. A short position can be considered below previous low.

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