O'Reilly logo

Visual Guide to Chart Patterns by Thomas N. Bulkowski

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

image

Double Tops

Double tops are dual price mountains that peak near the same price. They are the same as double bottoms except flipped upside down. In this chapter, we will discuss what to look for when searching for double tops.

Exhibit 14.1 shows two examples of double tops on the daily scale. At F, price begins the steep march up the sides of the double top. It peaks at A, withdraws to G, and then forms another peak, B, at a price similar to A.

When price closes below G, it confirms the twin peaks as a valid double top.

KEY POINT:

Double tops are bearish reversals of an uptrend formed by twin peaks near the same price.

I chose this chart ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required