Analyze Double Tops Chart Pattern

A double top chart setup is a bearish xauusd trend reversal signal which signals the current up-ward market is about to reverse once the double tops chart pattern is confirmed.

The double tops chart pattern is a pattern with two consecutive peaks where the second peak is slightly lower than the first peak which is interpreted that the upwards trend is losing momentum & if price of the xauusd falls below the support level which is the low between the 2 peaks then double tops pattern is considered to be confirmed and the price of the xauusd changes to a bearish xauusd trend.

Analyze Double Top Chart Pattern - How to Analyze Double Tops Chart Setup