Double top


 

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Double top

A reversal pattern in technical analysis.Technically, it is an advance to one price level, followed by a small decline which represents the valley between the tops, followed by a rally to roughly the same level as the first top, followed by a clear downtrend.On a chart a double top looks like the letter 'M'.



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Double taxation

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Double bottom

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A reversal pattern in technical analysis.Technically, it is an decline to one price level, followed by a small rally which represents the cleft between the bottoms, followed by a decline to roughly the same level as the first bottom, followed by a clear uptrend.On a chart a double top looks like the letter 'W'.


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