What Happens in Gold after Double Top Pattern?
A double top pattern is a bearish trend reversal signal that trading signals the current up-ward market is about to reverse once the double top pattern setup formation is confirmed.
The double tops setup is a pattern with two consecutive peaks where the second peak is slightly/a little lesser than the first peak which signals the upwards trend is losing momentum & if the price of the financial instrument falls below the support area which is the low between the two peaks then the double top chart setup is regarded to be confirmed and the price of the financial instrument changes to a bearish trend.
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