DOUBLE TOP PATTERN
A double top chart pattern is a extremely BEARISH technical reversal pattern that forms after an stock reaches a high price two consecutive times with a moderate decline between the two highs. it is confirmed once the stock price falls or given a breakdown to its support level equal to the low between the two prior highs.
Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.
DOUBLE BOTTOM PATTERN
A double bottom is an extremely BULLISH technical reversal pattern that forms after an stock or asset reaches a low price two consecutive times with a moderate support between the two lows. it is confirmed once the stock price gets breakout to its resistance level equal to the high between the prior lows.
Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.
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