The Top 3 Confirmation Signals for the Double Top Pattern
- 1 - Bearish Divergence
An indicator such as the RSI showing bearish divergence can confirm the weakening of the bullish trend.
- 2 - Volume Analysis
An increase in selling volume following the second peak reinforces the potential bearish reversal.
- 3 - Support Breakdown
A decisive breakdown below the support level confirms the validity of the double top pattern.
Watch this video to learn more
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