Posts Tagged ‘Double Top Chart Pattern’


Double Top Chart Pattern

The Double Top Chart Pattern frequently appears at the end of an uptrend and looks like the letter 'M'. The pattern forms as two consecutive highs at the same or almost the same price level. The two highs are separated by a retracement that is also called the valley. The neckline of the Double Top Chart Pattern is drawn at the lowest low of the valley. Looking at the GBP/AUD 60 min chart, after an extensive move to the upside the bulls lose strength and bears […]