BRVX Glossary · Double top pattern · Updated September 25, 2026
A double top is a bearish reversal chart pattern in which price hits roughly the same high twice, with a pullback in between, and then breaks below the low of that pullback. The shape resembles the letter M and marks buyers failing twice at the same level.
On this page
Building the M
- A rally prints a peak and pulls back.
- The pullback's low becomes the neckline.
- A second rally stalls within a few percent of the first peak, typically with thinner participation.
- Confirmation only comes with a close under the neckline.
Projecting the drop
The measured move subtracts the height from tops to neckline from the break: tops at $120 with a neckline at $110 project about $100. A stop above the second top keeps the risk defined.
Why many M-shapes fail
Two highs are not a double top until the neckline breaks — many M-shapes resolve upwards. Tops that are far apart in price, or a second top with more volume than the first, weaken the read.
On BRVX
On BRVX, the neckline break can be traded short across its 41 markets. The chart's drawing tools let you mark both peaks and the neckline before the break, so the plan exists before the candle does.
Questions about Double top pattern
Is a double top bearish?
Yes. It is a bearish reversal pattern once price breaks the neckline.
What is the opposite of a double top?
A double bottom — a W-shaped bullish reversal.
How far apart should the two tops be?
Weeks apart on a daily chart is typical; the highs should be within a few percent of each other.
Double top pattern: next steps on BRVX
Spot Double top pattern on MSTR/USDT: TradingView chart, one of 41 markets, up to 100x, 0.05% a side, prices moving at weekends too.
Read next: Double bottom, Head and shoulders pattern and Support and resistance.
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