Double top
Chart Patterns
The M
Price hits a high, pulls back, retests the SAME high and fails. An M shape. Triggers on the neckline break. The neckline is the valley low between the two peaks; target = pattern height projected down.
Check yourself
A double top confirms when…
- The second peak forms
- Price breaks the valley (neckline) between the peaks correct
- Volume drops
Two failed highs is a warning. The neckline break is the trade. Before that it's just a range.
Learn this properly
This term has a full interactive lesson in Wick — the chart, the pattern to tap, and a live practice terminal to try it on. Free to start.
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