Pattern: Double Top
Pattern Characteristics:
Formation: Two peaks at approximately the same price level, separated by a trough.
Bearish Reversal Signal: Indicates a potential trend reversal from bullish to bearish.
Market Conditions: Consider the overall market conditions, economic events, and news that might impact the trade.
Monitoring: Regularly monitor the trade and be prepared to adjust your strategy based on price movements.
Pattern Characteristics:
Formation: Two peaks at approximately the same price level, separated by a trough.
Bearish Reversal Signal: Indicates a potential trend reversal from bullish to bearish.
Market Conditions: Consider the overall market conditions, economic events, and news that might impact the trade.
Monitoring: Regularly monitor the trade and be prepared to adjust your strategy based on price movements.
