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Double top

1. Introduction

Double Top is a bearish pattern, and the two tops are roughly on the same horizontal line. This pattern indicates that there may be a top reversal.

2. Feature

2.1 The two tops are roughly on the same horizontal line.

2.2 The two tops need to be separated by a certain time range.

2.3 The price has recently broken downward through the neckline.

3. Example

MLP has a Double Top Pattern on June 18, 2021.

This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors.  It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty as to its adequacy, completeness, accuracy or timeliness for any particular purpose of the above content.