BOREARIS

S&P 500 Double top 4 hour

S&P 500 4 hourConfirmed Oct 15, 05:00 UTC+8
HNHConfirmedClosedInvalid 7,848.0Neck 7,729.5Confirm 7,711.67,697.8Target 1 7,663.6Target 7,615.5━ MA20 + Bollinger Bands ━ MA50 4 hour70503042.92━ RSI ━ 9MA0-20.24━ MACD ━ MACD Signal10/01 21:0010/06 05:0010/08 13:0010/12 21:0010/15 05:0010/19 13:00
HNHConfirmedClosedInvalid7,848.0Neck7,729.5Confirm7,711.67,697.8Target1 7,663.6Target7,615.5━ MA20 ━ MA5070503042.92━ RSI ━ 9MA0-20.24━ MACD ━ MACD Signal07 13:0012 21:0016 05:00

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

Target7,615.5
First target7,663.6
Confirmation7,711.6
Invalid at7,848.0
Move+0.30%

Timeframe4 hour
ConfirmedOct 15, 05:00
ClosedOct 19, 09:00
Duration104.0 h
Reward / risk0.70

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

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Swing points

PointTime UTC+8Price
HighOct 06, 21:007,843.6
NecklineOct 09, 01:007,729.5
HighOct 12, 13:007,836.0
ConfirmationOct 15, 05:007,711.6

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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