Is Double Tops Pattern Bullish or Bearish?

Double Top Metals Trading Pattern

Double Tops Metals Chart Pattern is a Bearish Metal Pattern - Double Tops Pattern is a Bearish Metals Trading Signal Pattern

Summary:

• Double tops metal pattern forms after an extended move upwards- upward metals trend
• Double tops metal pattern signal indicates that there will be a reversal in the metal market trend
• We sell when metals price breaks-out below neckline: as explained on the metal examples illustrated & described below.

Metals Trade a Double Top Metals Chart Pattern?

Double tops metal pattern look like an M-Shape pattern, the best reversal metals trading signal from the double top metals pattern is where the second top is lower than the first top as shown below:

This means that the reversal metals signal can be confirmed by drawing a downwards metals trend line as shown below. If a trader opens a sell metals trade using this double tops reversal metals signal the stop loss will be placed just above this downward metals trend line.

Analysis of Double Tops Metal Pattern - Example of Double Tops Metals Chart Pattern