Double Top

Double Top
This chart style is one of the widely recognized and convincing methods popular among the trading community and is regarded as a consistent test of an earlier low or high. The formation of double top is recognized as a typicalchart design that shows a rally to high followed by the reasonable retreat which is followed by another rally for testing the new high. It is considered as a powerful trend and is thought to be powerful when the similar points are set apart and the cost objective generally takes place at a similar distance crossing the correction low.