T=40,000 - 39,000~
A double top is a bearish technical reversal pattern.
It is not always easy to spot because there needs to be a confirmation with a break below support.
While a double top is a bearish signal, a double bottom is a bullish signal.
Top tops usually have an upswing, initial peak, trough, second peak, and neckline.
Investors can short trade after the break or place small trades, as double tops may have limited profit potential.
A double top is a bearish technical reversal pattern.
It is not always easy to spot because there needs to be a confirmation with a break below support.
While a double top is a bearish signal, a double bottom is a bullish signal.
Top tops usually have an upswing, initial peak, trough, second peak, and neckline.
Investors can short trade after the break or place small trades, as double tops may have limited profit potential.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.