How to trade DOUBLE TOP?
Trend: Bullish
Type: Reversal
Timeframe: From 5m
Entry point: After breaking the neck line
Shape: Two separate highs similar to each other, can sometimes even stab the local resistance level. Peaks are narrow and inverted V-shaped
Neckline: This is the middle between the two highs
Highs: Price difference between two lows within 1%
Confirmation: The pattern is confirmed when the price closes below the neckline
Volume: Increase of the volumes on the formation of the first high