A Double Top pattern is a bearish reversal

A Double Top pattern is a bearish reversal chart pattern that generally forms after an uptrend, indicating that buying momentum may be weakening and sellers could take control. The pattern consists of two peaks at nearly the same price level, with a trough or neckline forming between them. When price fails to break the first peak, declines toward the neckline, and then makes a second attempt but again faces resistance near the previous high, it shows that buyers are struggling to push prices higher. The pattern is confirmed only when price decisively breaks below the neckline, preferably with strong volume, which can increase the probability of a further downside move. Traders often use the height between the peaks and neckline to estimate a potential target after the breakdown, while a move back above the second peak can invalidate the bearish setup