Academy
πŸ“
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.
🎯 How to trade
Short on valley break. Stop above the peak. Target = valley depth projected below.
#reversal #bearish #classic