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Definitions from the Web

Double Top

Definition:

A double top is a technical chart pattern that indicates a possible reversal in a stock's price trend. It is formed when a stock reaches a high price level, pulls back, rallies to a similar high, and then declines again.

Usage:

As a noun:

1. The stock chart pattern showed a clear double top, suggesting that a bearish reversal might occur.

2. Traders often use double tops as a signal to sell their stock holdings.

As a verb:

1. The stock price double topped, leading to substantial losses for investors.

2. The market experienced a double top formation, causing panic among traders.

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