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Double Top

Two swing highs at similar levels with a neckline breakdown.

ReversalBearishMedium reliability1h4h1D
Double Top

Concept

A Double Top forms after an uptrend where price tests a resistance level twice but fails to break higher. Breakdown of the neckline confirms a reversal.

Trading Plan

  • Prior uptrend.
  • Two highs near the same level (±1–3%).
  • Neckline drawn across the interim swing low.

Confirmation

  • Close below neckline.
  • Volume expansion on breakdown.

Invalidation

  • Close back above neckline after breakdown.
  • Higher high above second peak.

Targets

  • Target = Peak - Neckline projected below neckline.

Measured move: Height = Peak - Neckline; Target = Neckline - Height

Risk

Above second peak or neckline retest high.