{"id":256,"date":"2023-10-24T13:19:09","date_gmt":"2023-10-24T13:19:09","guid":{"rendered":"https:\/\/finance.canvaaslabs.com\/?p=256"},"modified":"2023-10-24T13:19:09","modified_gmt":"2023-10-24T13:19:09","slug":"double-top-chart-pattern","status":"publish","type":"post","link":"https:\/\/finance.aipropixel.com\/index.php\/2023\/10\/24\/double-top-chart-pattern\/","title":{"rendered":"Double Top Chart Pattern"},"content":{"rendered":"<p><span style=\"color: #000000;\"><strong>Identification:<\/strong> A double top pattern is a classic technical analysis chart formation representing a major change in trend and a momentum reversal from a prior up move in market trading. The double top looks like the letter inverted &#8220;W.&#8221; The twice-touched high is now considered a significant resistance level. While the trend line along the lows is known as neckline, the downside has new potential for a further downfall.<br \/>\n<\/span><\/p>\n<p><span style=\"color: #000000;\"><strong>Occurrence:<\/strong> It describes the increase of a security or index, a drop, another rebound to the same or similar level as the original, and finally another drop (that may become a new downfall).<\/span><\/p>\n<p><span style=\"color: #000000;\"><strong>Study:<\/strong> In terms of analysis, a conservative reading of the pattern suggests the minimum-move price target is equal to the distance of the two highs and the intermediate low.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Identification: A double top pattern is a classic technical analysis chart formation representing a major&#8230;<\/p>\n","protected":false},"author":1,"featured_media":257,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[],"class_list":["post-256","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chart-analysis"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/finance.aipropixel.com\/index.php\/wp-json\/wp\/v2\/posts\/256","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finance.aipropixel.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/finance.aipropixel.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/finance.aipropixel.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/finance.aipropixel.com\/index.php\/wp-json\/wp\/v2\/comments?post=256"}],"version-history":[{"count":0,"href":"https:\/\/finance.aipropixel.com\/index.php\/wp-json\/wp\/v2\/posts\/256\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/finance.aipropixel.com\/index.php\/wp-json\/wp\/v2\/media\/257"}],"wp:attachment":[{"href":"https:\/\/finance.aipropixel.com\/index.php\/wp-json\/wp\/v2\/media?parent=256"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finance.aipropixel.com\/index.php\/wp-json\/wp\/v2\/categories?post=256"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finance.aipropixel.com\/index.php\/wp-json\/wp\/v2\/tags?post=256"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}