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

[Rajesh kumar]

when two  double top is identified, 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.

[VaibhaV SeshananD]

Two equivalent tops in a duration of about 1 month with the volume higher during the second top which determines a bearish trend.

[suraj]

After a good uptrend if a stock hits a high and retraces back and again tries to cross that high but not successful and again falls down then we can assume that there is a short-term trend reversal.

[Praveen M]

Double top is a scenario in a stock price movement where two equivalent tops are identified with a time gap of at least one month, with a high volume at the second top or at the breakout region. The time gap actually confirms the strength of counter party in the same zone.

Double top confirms the bearish trend and hence suitable to create Short position at the breakout region.

[Ganesh Ramanan]

It is two clear peaks in the market at same market price levels

Spot double tops(tops may not be equal but equivalent)

Duration 1 month

Increase in volume of second top

Create short position if the curve going behind previous bottom

 

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