USD/CAD Double top 1 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 1.39903, 80% of the way to target (target is 0.26% 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 28, 12:00 | 1.40684 |
| Neckline | Oct 28, 20:00 | 1.40256 |
| High | Oct 28, 21:00 | 1.40680 |
| Confirmation | Oct 29, 03:00 | 1.40199 |
Recently closed Double top patterns: 28 in total, 21 reached the target first (75%), 5 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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