Double Top

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DEFINITION of 'Double Top'

A term used in technical analysis to describe the rise of a stock, a drop, another rise to the same level as the original rise, and finally another drop.

Double Top

BREAKING DOWN 'Double Top'

The double top looks like the letter "M". The twice touched high is considered a resistance level.

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    The double top trend is a charting pattern used in technical analysis to spot a price reversal pattern in a given security ... Read Full Answer >>
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    One of the most commonly occurring chart patterns is the double top, an M-shaped price fluctuation that helps traders recognize ... Read Full Answer >>
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