What Does a Double Tops Crude Oil Pattern Look Like?

Double Tops Crude Oil Trading Chart Pattern

Double Tops Crude Oil Trading Chart Pattern is a Bearish Crude Oil Trading Chart Pattern – Double Tops Pattern is a Bearish Oil Trading Signal Pattern

Summary:

• Double tops oil chart pattern forms after an extended move upwards- upwards oil trend
• Double tops oil pattern signal indicates that there will be a reversal in the oil market trend
• We sell when crude crude oil price breaks-out below the neck-line: as explained on the oil example shown below.

Oil Trade a Double Tops Crude Oil Trading Chart Pattern in Oil?

Double tops oil chart pattern look like an M-Shape pattern, the best reversal oil signal from the double top crude oil trading pattern is where the second top is lower than the first top as displayed below:

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

Technical Analysis of Double Tops Crude Oil Trading Chart Pattern – Example of Double Tops Crude Oil Trading Chart Pattern