#2 of 10 Chart Patterns Every Trader Needs to Know - Double Top
Updated: Mar 7
Chart patterns are an integral aspect of technical analysis, but they require some getting used to before they can be used effectively. We would rank this #2 out of the top 10 patterns every trader needs to know. The famous Double Top.
Famous Double Top Pattern
A double top is another pattern that traders use to highlight trend reversals. Typically, an asset’s price will experience a peak, before retracing back to a level of support. It will then climb up once more before reversing back more permanently against the prevailing trend.
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