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Double top

A double top refers to a higher rate that the currency has risen to twice, but failed to exceed. In this case, the asset can generally be expected to trade within the range. If a breakout occurs, just as with a double bottom, it is usually a substantial movement.

If you pay attention, you'll notice that the model of a double top resembles 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 the same level.

Example of a "double top"

Purposes of the market.

"Pessimistic" purpose of price movement.