We offer to get acquainted with the most popular graphic models.
Double topIt is a reversal pattern. Look, how the asset chart is trying to continue moving up, twice reaching the imaginary line of resistance - and twice pushing away from it. After such a maneuver, most often we can talk about the formation of a downward trend.
Double top resembles the letter 'M'. When traders see it being formed on a chart, are trying to open Sell trades after 1-2 candles appear next to the second downward rebound.