Double Top Pattern
How to trade Double Top pattern?
There aren't many chart patterns that can spot a change in market direction. One of them is the double top pattern, and most seasoned traders watch for it to open a short position and make a tidy profit. The definition of a double top pattern and instructions on how to spot one and enter for a short position are provided in this chapter.
Name: | Double Top |
---|---|
Forecast: | Reversal Pattern |
Trend prior to the pattern: | Uptrend |
Opposite pattern: | Double Bottom |
Accuracy rate: | 94% |
Technical Analysis: Candlestick Trading For Beginners
This course will teach you how to utilize Japanese candlestick patterns to predict market turns.
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