All patterns

Kepler-53 › SPX (S&P 500 (SPY ETF)) · Daily

Double Top

FormingBearish
Quality57%

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Draw it on TradingView

No bar counting. Copy the Pine Script and paste it into TradingView; the pattern, breakout, target and invalidation lines are drawn on exactly these candles.

Open SPY chart
  1. 1.Copy the script and open the chart on TradingView.
  2. 2.Open the Pine Editor at the bottom, clear it and paste.
  3. 3.Click "Add to chart"; the drawings appear.

Swing points

PointCandle open (UTC)Bar #Price
T1Aug 13, 20260779.37
NSep 16, 202623749.60
T2Oct 6, 202637781.62

Bar #: candles counted from the pattern's first point. Times are candle open times.

Lines

  • NecklineAug 13, 2026 · 749.60 → Oct 28, 2026 · 749.60
  • ResistanceAug 13, 2026 · 779.37 → Oct 6, 2026 · 781.62

This pattern's track record

On the Daily chart

60%

Target reached after breakout

Breakout rate
45%
Reached half the target
81%
Average time to target
30.9 days
Cases
52 resolved cases

All timeframes

62%

Target reached after breakout

Breakout rate
52%
Reached half the target
79%
Average time to target
7.9 days
Cases
271 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.

SPX Daily Double Top | IndicatorScan