- This topic has 270 replies, 270 voices, and was last updated 2 years, 6 months ago by
.
-
Posts
-
A double top is an extremely bearish technical reversal pattern that forms after an asset reaches a high price two consecutive times with a moderate decline between the two highs. It is confirmed once the asset’s price falls below a support level equal to the low between the two prior highs.
Conditions are:
It should have two equivalent tops
Volume should be high at point B or point C and duration should be minimum 2 days
- You must be logged in to reply to this topic.
