π
Chart pattern
reversal
Double Top
bearish
FiabilitΓ© :
β
β
β
β
β
Two peaks at roughly the same level, separated by a valley. Bearish reversal in 'M' shape.
In detail
Buyers fail to break a resistance level after two attempts. Break of the valley between peaks confirms the pattern.
π―
How to trade
Short on valley break. Stop above the peak. Target = valley depth projected below.
#reversal
#bearish
#classic