Is Double Tops Pattern Bullish or Bearish?

Double Tops Commodities Trading Chart Pattern

Double Tops Commodities Trading Chart Pattern is a Bearish Commodities Trading Chart Pattern - Double Tops Pattern is a Bearish Commodity Trading Signal Pattern

Summary:

• Double tops commodity chart pattern forms after an extended move upwards- upward commodity trend
• Double tops commodity chart pattern signal indicates that there will be a reversal in the commodity market trend
• We sell when commodities price breaks below the neckline; as explained on the commodity example illustrated and explained below.

Commodities Trade a Double Tops Commodities Trading Chart Pattern in Commodities?

Double tops commodity chart pattern look like an M Shape pattern, the best reversal commodity signal from the double tops commodity chart pattern is where the second top is lower than the first top as shown below:

This means that the reversal commodity signal can be confirmed by drawing a downward commodity trend line as shown below. If a commodity trader opens a sell commodity trade using this double tops reversal commodity signal the stop loss will be placed just above this downward commodity trend line.

Technical Analysis of Double Tops Commodities Trading Chart Pattern - Example of Double Tops Commodities Trading Chart Pattern