Double Top Pattern | How to identify a double top | Technical analysis for beginners

𝐃𝐨𝐮𝐛𝐥𝐞 𝐓𝐨𝐩 𝐏𝐚𝐭𝐭𝐞𝐫𝐧 📉🔄

The double top pattern is a bearish reversal formation that typically occurs after an uptrend. It consists of two peaks at approximately the same price level, indicating that the asset is struggling to break through a resistance level.

First Peak 🌄: The first peak forms when buyers push the price up, but after reaching the peak, selling pressure emerges, causing a decline.
Second Peak 🌄: The price then rises again to form the second peak. If it fails to surpass the first peak and subsequently drops below the trough between the two peaks, it signals a potential trend reversal.
Traders often use this pattern to identify selling opportunities, as it suggests a shift in market sentiment from bullish to bearish. 💼🔻

🌟𝑻𝒐 𝒂𝒄𝒄𝒆𝒔𝒔 𝒑𝒓𝒆𝒎𝒊𝒖𝒎 𝒔𝒊𝒈𝒏𝒂𝒍𝒔, 𝒑𝒍𝒆𝒂𝒔𝒆 𝒔𝒖𝒃𝒔𝒄𝒓𝒊𝒃𝒆 𝒕𝒐 𝒐𝒖𝒓 𝒔𝒆𝒓𝒗𝒊𝒄𝒆𝒔. ✅
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🌟𝑻𝒐 𝒓𝒆𝒄𝒆𝒊𝒗𝒆 𝒑𝒆𝒓𝒔𝒐𝒏𝒂𝒍𝒊𝒛𝒆𝒅 1-𝒐𝒏-1 𝒂𝒅𝒗𝒊𝒔𝒐𝒓𝒚 𝒔𝒆𝒓𝒗𝒊𝒄𝒆𝒔, 𝒑𝒍𝒆𝒂𝒔𝒆 𝒔𝒖𝒃𝒔𝒄𝒓𝒊𝒃𝒆. ✅
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