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The Top 3 Confirmation Signals for the Double Top Pattern

Education
BATS:UNH   UnitedHealth Group Incorporated

  • 1 - Bearish Divergence


An indicator such as the RSI showing bearish divergence can confirm the weakening of the bullish trend.


  • 2 - Volume Analysis


An increase in selling volume following the second peak reinforces the potential bearish reversal.

  • 3 - Support Breakdown


A decisive breakdown below the support level confirms the validity of the double top pattern.

Watch this video to learn more
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