Double Top

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, the bearish volume will increase, sending the price even further down and confirming a change in the trend.