Glossary Term

Double Top

Back to Glossary

A double top is a pattern in technical analysis that signals the end of an uptrend and the beginning of a new downtrend. They occur when the price of an asset has been in a bullish uptrend and hits an area of resistance. For a double-top to be confirmed the price will have to reach this resistance level, retrace and then come back up to retest the high point and be rejected from it. As it fails to break this level, bearish volume will increase, sending the price even further down and confirming a change in the trend.

Find our Glossary interesting?
If you feel we’ve missed a term; let the Traders Expert team know and we’ll include it in our Glossary.

what is the meaning of a double top

Join Our Community!

Receive invitations to our live events, webinars & more!

Traders Expert