Double Top
Definition
A bearish reversal pattern formed when price tests a high twice and fails, creating an "M" shape.
Example
A double top at resistance confirms a trend reversal.
Related Terms
Frequently Asked Question
What is a Double Top pattern?
A Double Top is a bearish reversal pattern where price tests a resistance level twice and fails, creating an "M" shape. Confirmation occurs when price breaks below the swing low between the two tops.
APA Citation
Last updated:
· Source: VixShield Trading Glossary — From SPX Mastery by Russell Clark
⚠️ Not financial advice. This definition is educational content from the SPX Mastery book series by Russell Clark (VixShield). Past performance is not indicative of future results. Trading options involves substantial risk of loss and is not appropriate for all investors. Always paper trade before risking real capital.