Bab 3 Confirming the Double Top Pattern
Confirmation of the double top pattern occurs when the price breaks below the neckline. This breakout should be accompanied by increased trading volume, indicating a shift in market sentiment. Traders often wait for the price to close below the neckline before initiating their trades, ensuring a more reliable confirmation signal.
Confirmation signals to consider include:
Breakout: The price should convincingly break and close below
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