Trade Stock Indices

Learn Stock Indices Trading

Is Double Tops Pattern Bullish or Bearish?


Example of Double Tops Indices Trading Chart Pattern



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


Summary:


  • Double tops stock indexes chart pattern forms after an extended move upwards- upward indices trend

  • Double tops stock indexes chart pattern signal indicates that there will be a reversal in the stock indexes trading market trend

  • We sell when stock indexes price breaks below the neckline; as explained on the stock indexes trading example explained and illustrated below.

Double Tops Indices Trading Chart Pattern?

Technical Analysis of Double Tops Indices Trading Chart Pattern?


Double tops stock indexes chart pattern look like an M-Shape pattern, the best reversal stock indices signal from the double tops stock indexes 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.

Double Tops Stock Indexes Chart Pattern

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

 

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