GBP/USD Double top 1 hour
Gold line = the pattern's swing points; gold box = the confirmation candle; coloured lines = target and invalidation; blue = confirmation price.
Double top: Active
Last 1.34608, 0% of the way to target (target is 0.35% from confirmation).
What this tells you
Price is rejected twice at a similar high; a break below the low between them (the neckline) often marks a turn from up to down.
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Swing points
| Point | Time UTC+8 | Price |
|---|---|---|
| High | Nov 04, 21:00 | 1.35036 |
| Neckline | Nov 05, 00:00 | 1.34542 |
| High | Nov 05, 15:00 | 1.35009 |
| Confirmation | Nov 05, 20:00 | 1.34525 |
Recently closed Double top patterns: 25 in total, 17 reached the target first (68%), 6 were invalidated and 2 expired. Results by pattern →
Chart patterns are technical reference points, not trade recommendations. Past results do not guarantee future outcomes; trading involves risk.
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