Is Double Tops Pattern Bullish or Bearish?

Example of Double Tops Indices Chart Pattern

Double Tops Indices Chart Pattern is a Bearish Stock Indices Chart Pattern - Double Tops Pattern is a Bearish Indices Trading Signal Pattern

Summary:

• Double tops stock indices chart pattern forms after an extended move upwards- upward indices trend
• Double tops stock indices chart pattern signal indicates that there will be a reversal in the stock indices trading market trend
• We sell when stock indices price breaks below the neckline; as explained on the stock indices trading example explained and illustrated below.

Technical Analysis of Double Tops Indices Chart Pattern?

Double tops stock indices chart pattern look like an M-Shape pattern, the best reversal stock indices signal from the double tops stock indices chart pattern is where the second top is lower than the first top as shown below:

This means that the reversal stock indices signal can be confirmed by drawing a downward indices trend line as shown below. If a indices trader opens a sell indices trade using this double tops reversal stock indices signal the stop loss will be placed just above this downward indices trend line.

Technical Analysis of Double Tops Stock Indices Chart Pattern - Example of Double Tops Indices Chart Pattern