Double Top Pattern Tutorial -
Double Top is a bearish reversal pattern that can be easily identified when price reaches a equal high two consecutive times and makes a reversal and breaks the neckline.
The entry point of this trade pattern will be confirmed by a closing of price below the the neckline. We can take help of RSI to see the momentum and strength of the price movement.
Stay Tuned, 👍;
Double Top is a bearish reversal pattern that can be easily identified when price reaches a equal high two consecutive times and makes a reversal and breaks the neckline.
The entry point of this trade pattern will be confirmed by a closing of price below the the neckline. We can take help of RSI to see the momentum and strength of the price movement.
Stay Tuned, 👍;
Note
Example :Note
Checkout Double Bottom Pattern
Note
BTCUSD Double Top Completed
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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.
Related publications
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.