Stocks with Double Top Pattern

↓ Bearish

The Double Top pattern forms when a stock's price rises to a resistance level twice, creating an 'M' shape. It indicates that the resistance level is strong and the uptrend may be reversing. The pattern is confirmed when the price breaks below the trough between the two tops.

Timeframe:0 stocks found

Frequently Asked Questions

How do you confirm a Double Top?

A Double Top is confirmed when the price breaks below the support level (the trough between the two tops) with increased volume. The two tops should be at approximately the same price level.