Educational video as how to identify a double top pattern.
A double top is a bearish technical reversal pattern which is not so easy to spot as one needs a confirmation of a break down point.
Question comes, How to identify the target of Double top pattern!
After the confirmation of the pattern, your minimum target is equal to the size of the formation. In other words, when a stock breaks out of a double top formation, the price target is the range of the formation added to the breakout level.
A double top is a bearish technical reversal pattern which is not so easy to spot as one needs a confirmation of a break down point.
Question comes, How to identify the target of Double top pattern!
After the confirmation of the pattern, your minimum target is equal to the size of the formation. In other words, when a stock breaks out of a double top formation, the price target is the range of the formation added to the breakout level.