double top meaning

  "double top" in a sentence
noun (darts)
  A score of double twenty

[Economics]
In technical analysis, a pattern of fluctuation in the price of a security, seen on a chartist's graph, in which a rise is followed by a fall, then a second rise to the same level. This pattern is thought to indicate that the security is meeting resistance to a move to a higher level.

Compare:

double bottom.

See also:

ascending tops, resistance level.


[Finance]
A term used in technical analysis to refer to the rise of a stock's price, a drop, and then a rise back to the same level as the original rise.
  • on top:    [American idiom]vi ...
  • on top of:    1. In control2. In ...
  • top:    Noun: top &nb ...

Examples

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  1. auto double top stop welding machine u-type
  2. semi-auto double top-stop machine
  3. double top and bottom does not need any introduction as it speaks in any timeframe
  4. double top and bottom does not need any introduction as it speaks in any timeframe
  5. instead, look for a small double bottom or double top within the congestion where the trend began

Related Words

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  8. double up, double back meaning
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