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Double top explained.
A double top is a bearish reversal chart pattern that typically signals the end of an uptrend and the potential start of a downtrend.
It forms when the price reaches a high point twice, creating two peaks at roughly the same level, separated by a moderate decline.
After the second peak, if the price falls below the low point between the two tops (known as the neckline), it confirms the pattern, indicating sellers may take control and push prices lower.
Traders often use this pattern to identify selling opportunities.
#Binance Futures
A double top is a bearish reversal chart pattern that typically signals the end of an uptrend and the potential start of a downtrend.
It forms when the price reaches a high point twice, creating two peaks at roughly the same level, separated by a moderate decline.
After the second peak, if the price falls below the low point between the two tops (known as the neckline), it confirms the pattern, indicating sellers may take control and push prices lower.
Traders often use this pattern to identify selling opportunities.
#Binance Futures
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