Introduction In the world of technical analysis, chart patterns play a crucial role in predicting future price movements. One of the most reliable and frequently observed patterns is the double top. Understanding this pattern can significantly enhance a trader’s ability to make informed decisions. This article delves deep into the definition, characteristics, and practical applications of the double top pattern in trading. What is a Double Top? Definition A double top is a bearish reversal pattern that signals a potential change in the direction of a security’s price trend. It…
Definition, Patterns, and Use in Trading
