Chart Patterns (2) – The Double Top Reversal

Chart Patterns (2) – The Double Top Reversal

The Double Top Reversal Pattern The Double Top Reversal is a bearish reversal pattern typically found on bar charts, line charts and candlestick charts. As its name implies, the pattern is made up of two consecutive peaks that are roughly equal, with a moderate trough in-between. Note that a Double Top Reversal on a bar or line chart is completely different from Double Top Breakout on a P&F chart. Namely, Double Top Breakouts on P&F charts are bullish patterns that mark an upside resistance breakout. Although there can be variations, the classic…