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: Active
Last 0.55538, 9% of the way to target (target is 1.11% 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 | Oct 30, 18:00 | 0.56515 |
| Neckline | Nov 04, 06:00 | 0.55777 |
| High | Nov 05, 10:00 | 0.56579 |
| Confirmation | Nov 06, 14:00 | 0.55591 |
Recently closed Double top patterns: 26 in total, 18 reached the target first (69%), 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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