Double Top

A term used in technical analysis to describe the rise of a stock, a drop, another rise to the same level as the original rise, and finally another drop.




The double top looks like the letter M. The twice touched high is considered a resistance level.



Price Patterns - Part 4 - Triple and double tops and bottoms may be tough to spot, but once you learn them, they can be powerful patterns.

Market Reversals And How To Spot Them - The sushi-roll indicator may help lower the risk of trying to pick market tops and bottoms.
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Double Bottom

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