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Double top
A double top implies an upper limit which the currency pair has touched twice but has failed to penetrate. Accordingly, the asset can be expected to trade within this range, or, if there is a breakout, the movement is expected to be substantial.
Pay attention, that model of double top reminds the letter "M".
- Point A - maximum as a result of an ascending trend
- Point B - minimum
- Point C - nem maximum
Theoretically, both maxima should be at one level.
Example of a "double top"
Purposes of the market.
"Pessimistic" purpose of price movement.
