Trade Stock Indices

What Happens in Indices after Double Top Pattern?

A double top pattern is a bearish trend reversal signal that signals the current upward market is about to reverse once the double top pattern is confirmed.

The double tops chart pattern is a pattern with two consecutive peaks where the second peak is slightly lower than the first peak which signals the upwards trend is losing momentum & if trading price of the trading instrument falls below the support level which is the low between the 2 peaks then the double top pattern is considered confirmed and the price of the trading instrument changes to a bearish trend.