Trade Forex Trading

What Happens after Double Top Chart Pattern?

A double top pattern is a bearish trend reversal signal that signals the current upward forex market is about to reverse once the double top pattern is completed.

The double top pattern is a pattern with two consecutive peaks where second peak is slightly lower than first peak which signals upwards trend is losing momentum & if price of the currency pair falls below support level which is low between the two peaks then the double top chart pattern is considered confirmed & price of the currency pair changes to a bearish trend.

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