All patterns

Orion-91 › ETHUSD (Ethereum / US Dollar) · 15m

Double Top

FormingBearish
Quality89%

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This pattern's track record

On the 15m chart

54%

Target reached after breakout

Breakout rate
49%
Reached half the target
78%
Average time to target
6.7 h
Cases
35 resolved cases

All timeframes

61%

Target reached after breakout

Breakout rate
49%
Reached half the target
83%
Average time to target
6.4 days
Cases
138 resolved cases

What is this pattern?

After an advance, two peaks form at about the same level. The low between them is the trigger; a close below it targets a move equal to the peak-to-trough height.

A close above the peaks invalidates the pattern.

This is not investment advice. Patterns describe probabilities; the same pattern can resolve differently. Levels use classic technical-analysis measuring rules.

ETHUSD 15m Double Top | IndicatorScan