Double top formation
Usuallly occurs after an extended uptrend.Formed by 2 peaks that can’t break a certain level. This level becomes a resistance zone.Further drop to occur once the neckline is broken.
Usuallly occurs after an extended uptrend.Formed by 2 peaks that can’t break a certain level. This level becomes a resistance zone.Further drop to occur once the neckline is broken.
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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.