{"id":223482,"date":"2025-05-06T15:40:26","date_gmt":"2025-05-06T19:40:26","guid":{"rendered":"https:\/\/ibkrcampus.com\/campus\/?post_type=glossary-terms&#038;p=223482"},"modified":"2025-05-06T16:10:37","modified_gmt":"2025-05-06T20:10:37","slug":"double-top","status":"publish","type":"glossary-terms","link":"https:\/\/www.interactivebrokers.com\/campus\/glossary-terms\/double-top\/","title":{"rendered":"Double Top"},"content":{"rendered":"\n<p>A <strong>double top<\/strong> is a <strong>bearish reversal chart pattern<\/strong> that signals a potential change in trend from an uptrend to a downtrend. It forms after a sustained price increase and consists of two <strong>peaks<\/strong> (tops) at approximately the same price level, separated by a <strong>moderate decline<\/strong>. Visually, the pattern resembles the letter <strong>&#8220;M&#8221;<\/strong> on a price chart.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Two Highs<\/strong>: The stock reaches a high (first top), pulls back slightly, and then rises again to test the same resistance level (second top), failing to break through.<\/li>\n\n\n\n<li><strong>Neckline<\/strong>: The low point between the two tops forms a <strong>support level<\/strong>, often called the neckline.<\/li>\n\n\n\n<li><strong>Breakdown Confirmation<\/strong>: When the price <strong>breaks below the neckline<\/strong> after forming the second top, it confirms the pattern and suggests the beginning of a downward trend.<\/li>\n<\/ul>\n\n\n\n<p>The double top is widely used in <strong>technical analysis<\/strong> to identify potential <strong>sell signals<\/strong> or shorting opportunities.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"936\" height=\"588\" data-src=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/05\/double-top.jpg\" alt=\"TWS chart of a double top pattern.\" class=\"wp-image-223483 lazyload\" data-srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/05\/double-top.jpg 936w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/05\/double-top-700x440.jpg 700w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/05\/double-top-300x188.jpg 300w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/05\/double-top-768x482.jpg 768w\" data-sizes=\"(max-width: 936px) 100vw, 936px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 936px; aspect-ratio: 936\/588;\" \/><\/figure>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A double top is a bearish reversal chart pattern that signals a potential change in trend from an uptrend to a downtrend. <\/p>\n","protected":false},"featured_media":0,"parent":0,"template":"","meta":{"_acf_changed":false,"footnotes":""},"traders-glossary":[13265,13278,13251],"class_list":{"0":"post-223482","1":"glossary-terms","2":"type-glossary-terms","3":"status-publish","5":"traders-glossary-trading-terms-d","6":"traders-glossary-ibkr-traders-glossary","7":"traders-glossary-trading-alphabet"},"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Archives Term | IBKR Glossary | IBKR Campus<\/title>\n<meta name=\"description\" content=\"A double top is a bearish reversal chart pattern that signals a potential change in trend from an uptrend to a downtrend.\" \/>\n<meta name=\"robots\" content=\"index, follow, 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