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Stoploss.ch

Technical Market Research and Investor Coaching

Delivering technical research of the financial markets
and offering professional guidance for those who wish to improve their trading performance.

Chart Patterns

Double Top

Pattern Description:

The double top is a major reversal pattern that forms after an extended uptrend. The pattern is made up of two consecutive peaks that are roughly equal, with a moderate trough in-between. As illustrated below, a double top consists of two well-defined, sharp peaks at approximately the same price level. A double top occurs when prices are in an uptrend. Prices rise to a resistance level, retreat, return to the resistance level again before declining. The two peaks should be distinct and sharp. The pattern is complete when prices decline below the lowest low in the formation. The lowest low is called the confirmation point.
Double Top

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Featured Article

The Pin Bar Candlestick Pattern

by Tim Straiton
Pin bars belong to the most high probability reversal candlestick patterns which exist.  Both bullish and bearish pin bars have a long wick and a very short body. A bullish pin bar should have opening and closing levels as close to the wick high as possible. Whether a close higher than the opening is ideal but of secondary importance. Look for the appearance of a bullish pin bar after a prolonged market decline. A pattern confirmation requires the following close to be higher than...
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Technical Review

Palladium - still testing downside potential.

2025-08-28 by Tim Straiton

The current price of Palladium at the time of writing is $1091. The short-term trend shows continued downside pressure with focus on the Fibonacci 61.8% retracement level of $1053, based on the recent $1337 to $881 range traded since April 2025. The daily MACD-V indicator value of -46 remains in negative territory and is trending to the downside.

The monthly chart, however paints a more constructive picture with the $826 level acting as strong support. The MACD-V indicator, although still in negative territory, is trending upwards. Long positioning should be delayed until we see clear signs of stability on the daily chart, such as bullish divergence on the relative strength index.


Disclaimer

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DailyFX

Site Description:

Forex & currency trading news. Forex trading strategies, charts, education, and currency forecasts.
http://www.dailyfx.com/