The double top patternThe double top pattern is a reversal pattern to the downside... More is a reversalWhat is a trend reversal? A trend reversal is when the mark... More pattern to the downside and is created when a runs into and fails to breach it. The buyers then attempt to push the priceWhat are value stocks? A value company is a company that app... More up a second time, only to fail at the same resistanceWhat are "resistance" levels in trading? A resistance level ... More level. When this happens, a double top is formed.
After the priceWhat is price? The price is the measure of the value of good... More fails to break the resistance level a second time, the buyers then retract and the price reverses to the downside.
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Further reading
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