The double top was found during an uptrend in prices where a new high is formed, followed by a pullback and a retest of that high.
The price broke the T.L, it has made the retest on the T.L and it creates the H, which then leads to the downside of price.
Double tops are often appeared on the charts in the shape of an 'M' (Bullish market)
Penafian
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The price broke the T.L, it has made the retest on the T.L and it creates the H, which then leads to the downside of price.
Double tops are often appeared on the charts in the shape of an 'M' (Bullish market)