"double top" pattern
!["double top" pattern](https://sgsnsimg.moomoo.com/feed_image/102897312/467a7fc7b22e3fee8ec72d5733547a91.png/bigmoo)
The "double top" is a bearish reversal chart pattern in technical analysis that is used to identify potential trend reversals in financial markets. The pattern is formed when the price of an asset rises to a peak, pulls back, and then rises again to the same peak before falling again. This creates two consecutive peaks that are roughly equal in height, giving the appearance of a "M" shape when charted. The double top pattern signals that the uptrend may have run out of steam and that the market is likely to experience a price correction or reversal.
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