A Double Top is a bearish reversal made of two peaks at a similar level separated by a trough. It shows buyers failed twice at the same resistance; a close below the middle trough confirms the reversal.
How traders trade it
- Confirm on a close below the middle trough.
- The two peaks should sit near the same price.
- Target equals the pattern height projected down.
See it in dtcharts
Scan for the double top across markets in the dtcharts terminal — or draw it by hand with the charting tools.