Double Top
ChartA bearish reversal pattern with two distinct highs at approximately the same level, forming an "M" shape.
Success Probability: 82%
Pattern Visualization
How to Identify
- Two highs at similar price levels
- Valley between the highs
- Second high tests first resistance
- Breakdown below middle valley confirms
Trading Tips
Reliable reversal. Short on break of middle valley. Stop above second high. Target equals pattern height.
A bearish reversal pattern with two distinct highs at approximately the same level, forming an “M” shape.
Trading Strategy
Reliable reversal. Short on break of middle valley. Stop above second high. Target equals pattern height.
How to Identify
- Two highs at similar price levels
- Valley between the highs
- Second high tests first resistance
- Breakdown below middle valley confirms
Risk Management
With a 82% success probability, this pattern offers strong reliability for trading decisions. Maintain standard position sizing.