A geometric pattern comprising two tops resembling an “M” on the chart. It is usually accompanied by higher volume on the first top than on the second top. However, if it breaks through the neckline with sufficient margin, it may be considered valid, notwithstanding the accompanying volume pattern.
"Double top". The view of a technical expertise when the rate rose twice at a certain level, and then fell afterward.
A reversal type chart pattern--the obverse of the Double Bottom--which resembles the letter .
The opposite of a double bottom. When price rallies once to a level then rebounds, and over a period of time once again rallies to the same approximate level then declines below the trough between the two peaks a double top is confirmed at the two equal price highs. This can be likened to the shape of an 'M'. A target can be generated by measuring the distance from the highs to the trough and projecting this value downwards from the intervening trough.
A price reversal pattern following a prolonged rally. It consists of two peaks that develop at approximately the same level. The second peak is usually accompanied by less volume than the first. The pattern is said to be completed when the price breaks below the low separating the two bottoms. Dynamic Data Exchange Ability to automatically update an application from within another application. Electronic Communications Network Independent executions systems set up by brokerage firms, matching new retail limit orders with compatible orders already in the system. Elliott Wave Theory A pattern-recognition technique developed by Ralph Nelson Elliott in 1939. It holds that the stock market follows a rhythm or pattern of five waves up and three waves down, forming a complete cycle of eight waves. The three waves down are referred to as a "correction" of the preceding five waves up.
technical analysis term for two successive rises to the same price level. opposite of double bottom. see also .
A decline or advance twice to the same level (plus or minus 3%). It indicates support or resistance at that level and is a reversal pattern.
a frequently observed topping formation that occurs when a top is followed by a short-term downside and then a short-term upside that culminates with a second top
a reverse W-- the price has hit a resistance level and is headed downward
a technical formation in which a stock makes two sets of significant highs at a similar price level
A figure of a technical analysis when the Forex rate rose on some level twice, and then again fell.
price action that resembles the letter "M" in which the price rallies stop twice at , or near, the same highs.
A common reversal pattern in which price prints a new high, reverses into a selloff and returns once to test it before moving lower.
Price action that resembles an M in which price rallies stop at, or near, the same highs twice .
A term which indicates a rise in price to a level then a drop, then another rise to the same level. Incase a stock does not penetrate this level on the upside, it is said to have encountered resistance and should start moving downwards. Dumping Offering for sale large numbers of shares all at once, without bothering about the effect of such an action on the market.
Used in technical analysis, it is chart pattern of a stock's prices showing a rise to a high price, then a drop, then rebound to the same high price. The pattern usually means the stock is resisting a move to go higher. However, if the stock's price does move through that same high price, the security is expected to achieve a new high. See: Double Bottom; Technical Analysis
A bearish reversal pattern characterized by two highs at roughly equal value.
A reversal chart pattern displaying two prominent peaks. The reversal is complete when the support trough is broken. The double bottom is a mirror image of the top.
Price pattern displaying two prominent peaks.
A situation where the price of a security has twice risen to its resistance level and fallen back. It indicates a supply of securities at that level.
When a security has twice risen to its resistance level.
A double top is a chart pattern that consists of two well-defined, sharp peaks at approximately the same price level. A double top occurs when prices are in an uptrend. Prices rise to a resistance level, retreat, return to the resistance level again before declining. The pattern is complete when prices decline below the lowest low in the formation. (See more information on the Double Top Pattern).