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The Double Top pattern is an easily recognizable reversal pattern. This pattern is usually formed near the resistance level and signals a situation on the market when the price fails to break the resistance line two times in a row. Below you can see a picture of the Double Top pattern.

Importantly, the second top on the picture is slightly lower than the first one which is an obvious signal that the resistance level will not be broken and the price will surely reverse. Traders are better to enter the market when the price is located at the second top or at the level of the neck line.

Let’s see what further developments we may see:

The amplitude of a decline usually equals the height of the Double Top pattern. Experienced traders say that these patterns are better to be found only after really strong trends. For example, in the sluggish sideways market such figures are of no importance. Moreover, such patterns are usually found on bigger time frames starting from 1 hour.

Actual patterns

Fundo duplo
was formed on 08.07 at 20:00:35 (UTC+0)
signal strength 3 of 5

Fundo duplo #NTDOY M30

O padrão Fundo duplo foi formado em #NTDOY M30. Características: o nível de suporte 22.14; o nível de resistência 22.25; a largura do padrão 11 pontos. Se o nível

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Fundo duplo
was formed on 08.07 at 20:00:32 (UTC+0)
signal strength 3 of 5

Fundo duplo #NTDOY M30

O padrão Fundo duplo foi formado em #NTDOY M30. Características: o nível de suporte 22.14; o nível de resistência 22.25; a largura do padrão 11 pontos. Se o nível

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Topo duplo
was formed on 04.07 at 21:00:28 (UTC+0)
signal strength 3 of 5

Topo duplo EURCAD M30

O padrão Topo duplo foi formado em EURCAD M30. Isso sinaliza que a tendência foi alterada de cima para baixo. Provavelmente, se a base do padrão 1.6019 for quebrada

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