Double -Tripple Top Charts

This is another powerful pattern that MAY indicate that the market is looking to test Lower levels.
It occurs at the end of a upward trend or market rally.

Double tops basically tell us that the market has tested a price level on two occasions and on both times refused to go higher.

They can also come in the form of triple and quadruple tops.
Volumes on the second top should be lower than the first top.

If you hold a stock that exhibits a double top be ready to liquidate as there is a good chance the market will go lower







TIP
Bar and Candle Charts will give you a better example of double tops than line charts.