A bearish reversal pattern where price hits a similar high twice before falling. Chart patterns like this one are studied because they tend to repeat across timeframes and instruments, reflecting recurring crowd psychology in price action.
A bearish reversal pattern where price hits a similar high twice before falling. Chart patterns like this one are studied because they tend to repeat across timeframes and instruments, reflecting recurring crowd psychology in price action.
It signals that buyers failed twice to push price higher, hinting at reversal. New traders benefit from internalizing this early, since it underpins much of the terminology and reasoning used throughout the rest of their trading education.
Confirmed on a break below the low between the two peaks. Most traders come across this while reviewing charts, monitoring news feeds, or checking their account dashboard, and being able to spot it quickly is a useful practical skill.
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