Double Tops Long-Term

A double tops pattern in trading is a bearish reversal pattern that forms after an uptrend. It consists of two distinct highs at roughly the same price level, separated by a trough, indicating a strong resistance level and potential downward trend. However, there is a slight disagreement about how and where it should be drawn. The length of the red arrow represents the potential fall from the date issued in the signal. Nonetheless, there is a possibility it may perform better or may not perform at all. In this list, we are taking into consideration a long-term period, usually ranging up to 12 months.