Home > Technical analysis > Trend reversal patterns > Double top

Double top figure

A double top refers to a higher rate that the currency has risen to twice, but failed to exceed. In this case, the asset can generally be expected to trade within the range. If a breakout occurs, just as with a double bottom, it is usually a substantial movement.

If you pay attention, you will notice that the model of a double top resembles the letter "M."

  • Point A - maximum as a result of an ascending trend
  • Point B - minimum
  • Point C - nem maximum
  • Theoretically, both maxima should be at the same level.

Example of a "double top"

Purposes of the market.

"Pessimistic" purpose of price movement.