Double Top

Market Terms

We don't know everything about the markets.  We're just devoted to learning.  Taken from those smarter than ourselves, here's how we define Double Top.

A very bearish technical reversal pattern.  A double top occurs when a stock or asset reaches a high two consecutive times with a slight decline between the highs.  Once the price falls below a support level equal to the low between the two highs, the bearish momentum is confirmed.  The opposite of a double top is a double bottom, which is taken as a bullish indicator.