All patterns
Lyra-71 › ETHUSD (Ethereum / US Dollar) · 1h
Double Top
FormingBearish
Quality89%
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This pattern's track record
On the 1h chart
62%
Target reached after breakout
- Breakout rate
- 57%
- Reached half the target
- 79%
- Average time to target
- 2.9 days
- Cases
- 71 resolved cases
All timeframes
60%
Target reached after breakout
- Breakout rate
- 50%
- Reached half the target
- 79%
- Average time to target
- 10.3 days
- Cases
- 215 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.