Double Top - Bearish Reversal Structure

This chart highlights a Double Top formation at a key resistance level after a strong uptrend. The structure indicates exhaustion of buying momentum and a potential shift from bullish to bearish market conditions.

• Price forms two highs at the same resistance zone, confirming strong rejection.
• The second top fails to break the previous high, signaling weakening buyers.
• A neckline (support zone) is formed between the two tops.
• Price breaks below the neckline, confirming bearish momentum.
• Lower high formation after breakdown strengthens the downside bias.

• The first top represents initial resistance and profit booking.
• The second top shows inability of buyers to push price higher.
• Repeated rejection at resistance confirms strong selling pressure.
• Breakdown below the neckline shifts market structure to bearish.
• After breakdown, price continues forming lower highs and lower lows.

The Double Top at resistance followed by a neckline breakdown confirms that sellers have taken control. The structure now favors further downside, with bearish momentum likely to continue.

📘 For educational purposes only.
🙅 Not SEBI registered.
❌ Not a buy/sell recommendation.
🧠 Purely a learning resource.
📊 Not Financial Advice.