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Dow Jones 30 Double top 1 hour

Dow Jones 30 1 hourConfirmed Oct 23, 21:00 UTC+8
HNHConfirmedClosedInvalid 53,014.8Neck 52,490.0Confirm 52,438.052,248.6Target 1 52,213.0Target 51,988.0━ MA20 + Bollinger Bands ━ MA50 1 hour70503029.59━ RSI ━ 9MA0-117.35━ MACD ━ MACD Signal10/21 09:0010/21 21:0010/22 10:0010/22 22:0010/23 11:0010/23 23:00
HNHConfirmedClosedInvalid53,014.8Neck52,490.0Confirm52,438.052,248.6Target1 52,213.0Target51,988.0━ MA20 ━ MA5070503029.59━ RSI ━ 9MA0-117.35━ MACD ━ MACD Signal22 07:0023 00:0023 18:00

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

Double top: First target, then break-even

Target51,988.0
First target52,213.0
Confirmation52,438.0
Invalid at53,014.8
Move+0.22%

Timeframe1 hour
ConfirmedOct 23, 21:00
ClosedOct 23, 23:00
Duration3.0 h
Reward / risk0.78

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 22, 04:0052,990.0
NecklineOct 22, 18:0052,490.0
HighOct 23, 06:0052,992.0
ConfirmationOct 23, 21:0052,438.0

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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