👉 PRICE ACTION: Trading according to the model: Double Top

1️⃣ The double top pattern is a reversal pattern that often appears at the end of an uptrend to signal that the market is about to change from increasing to decreasing.

2️⃣ How to trade with the double peak pattern:

- Method 1:

+ Join as soon as there is a confirmation of the neckline breaking or you can place an existing Sell Stop order

+ SL above the 2nd peak (resistance level)

+ Minimum TP is equal to the amplitude of the model

- Method 2:

+ Entry: Wait for the stock price to return to sell the order or place a Sell order

+ SL right on the 2

+ Minimum TP is equal to the amplitude of the model

🆘 Note:

👉 There must be an uptrend limit before displaying the pattern

👉 Peaks should be separated by enough time within the comment time frame

👉 The height of the top of the hair should not be too different

👉 Wait when the candle closes really below the neckline, don't breathe gold when the candle has not closed yet