NZD/USD Double top 4 hour
Gold line = the pattern's swing points; gold box = the confirmation candle; coloured lines = target and invalidation; blue = confirmation price.
Double top: Invalidated
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 | Oct 06, 21:00 | 0.56278 |
| Neckline | Oct 08, 17:00 | 0.55807 |
| High | Oct 09, 13:00 | 0.56262 |
| Confirmation | Oct 15, 01:00 | 0.55728 |
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.
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