GLOSSARY · MARKET STRUCTURE
What is Double Top / Double Bottom?
A double top or bottom is two failed tests of the same level, signaling a possible reversal.
Price rallies to a level, pulls back, rallies to the same level again and fails. The second failure shows buyers couldn't push through. A double bottom is the mirror image.
EXAMPLE
CL tops at 78.50 at 10:00 and again at 11:15, then breaks the 78.10 low between them — a double-top short.
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