Double Top
A "Double Top" is a technical analysis pattern that signals a potential reversal in an asset's price trend. It occurs when the price reaches a peak twice, with a moderate decline in between. This pattern suggests that the asset is struggling to break through a resistance level, indicating a possible shift from an uptrend to a downtrend.
Traders often look for confirmation of a Double Top by observing a decline in volume during the second peak. If the price falls below the support level established between the two peaks, it may confirm the pattern, leading to further selling pressure and a potential downtrend in the asset's price.