Double top pattern


    The double top pattern is a reversal pattern to the downside and is created when a currency pair runs into resistance and fails to breach it. The buyers then attempt to push the price up a second time, only to fail at the same resistance level. When this happens, a double top is formed.

    After the price fails to break the resistance level a second time, the buyers then retract and the price reverses to the downside.


    (1) Top one

    (2) Top two

    Further reading

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