Double Tops - Double Tops are formations based on the idea that the security price can not reach a higher price any longer.

It's argued that the distance between the tops should be at least 1 month or more.

The security price goes up, and after reaching a certain level it turns down.

When it reaches the support level the security changes direction and goes up again.

Here you can see the close is lower the the previous days close.

When the price reaches the previous high or within 3% of the previous high it can not make a new high then the price comes down again.

This time the previous top, which was a support line, will be penetrated and the price will continue to fall.

Usually the amount of the fall is almost equal to the distance between the tops and the support bottom in between the tops.