BOREARIS

Hang Seng 50 Double top 4 hour

Hang Seng 50 4 hourConfirmed Oct 15, 13:00 UTC+8
HNHConfirmedClosedInvalid 24,536Neck 23,967Confirm 23,943Target 1 23,688Target 23,43223,133━ MA20 + Bollinger Bands ━ MA50 4 hour70503031.95━ RSI ━ 9MA0-266.77━ MACD ━ MACD Signal10/08 17:0010/12 13:0010/14 09:0010/16 01:0010/20 21:0010/22 17:00
HNHConfirmedClosedInvalid24,536Neck23,967Confirm23,943Target1 23,688Target23,43223,133━ MA20 ━ MA5070503031.95━ RSI ━ 9MA0-266.77━ MACD ━ MACD Signal12 13:0015 13:0021 13:00

Gold line = the pattern's swing points; gold box = the confirmation candle; coloured lines = target and invalidation; blue = confirmation price.

Double top: Target hit

Target23,432
First target23,688
Confirmation23,943
Invalid at24,536
Move+1.44%

Timeframe4 hour
ConfirmedOct 15, 13:00
ClosedOct 22, 09:00
Duration168.0 h
Reward / risk0.86

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.

Check it on the live chart

← All chart patterns · Other patterns for this market · Key levels and research for this market · How to read patterns

Swing points

PointTime UTC+8Price
HighOct 12, 09:0024,466
NecklineOct 13, 10:0023,967
HighOct 14, 13:0024,502
ConfirmationOct 15, 13:0023,943

Recently closed Double top patterns: 26 in total, 21 reached the target first (81%), 3 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.

Live levels and price alerts in the app

The Borearis app has live levels for every market, price alerts, daily picks and AI analysis.

Download on the App Store Get it on Google Play