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The Double Top pattern is an easily recognizable reversal pattern. This pattern is usually formed near the resistance level and signals a situation on the market when the price fails to break the resistance line two times in a row. Below you can see a picture of the Double Top pattern.

Importantly, the second top on the picture is slightly lower than the first one which is an obvious signal that the resistance level will not be broken and the price will surely reverse. Traders are better to enter the market when the price is located at the second top or at the level of the neck line.

Let’s see what further developments we may see:

The amplitude of a decline usually equals the height of the Double Top pattern. Experienced traders say that these patterns are better to be found only after really strong trends. For example, in the sluggish sideways market such figures are of no importance. Moreover, such patterns are usually found on bigger time frames starting from 1 hour.

Actual patterns

Triple Bottom
was formed on 26.03 at 07:00:22 (UTC+0)
signal strength 3 of 5

Triple Bottom USDCAD M30

The Triple Bottom pattern has formed on the chart of USDCAD M30. Features of the pattern: The lower line of the pattern has coordinates 1.4312 with the upper limit 1.4312/1.4297

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Triple Bottom
was formed on 25.03 at 02:00:36 (UTC+0)
signal strength 3 of 5

Triple Bottom EURCHF M30

The Triple Bottom pattern has formed on the chart of the EURCHF M30 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case

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Triple Top
was formed on 24.03 at 14:29:45 (UTC+0)
signal strength 3 of 5

Triple Top AUDJPY M30

On the chart of the AUDJPY M30 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak

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