Chart pattern · Reversal · Bearish
What is it, in one line
Two peaks at roughly the same level, separated by a moderate trough.
Bearish · Reversal · verdict: Traditional claim, not yet measured here
Two peaks at roughly the same level, separated by a moderate trough.
Method
Conventional target: A break below the trough projects a decline equal to the peak-to-trough distance.
Invalidated by: A close back above either peak invalidates the pattern.
Traditional claim, not measured
This is the standard technical-analysis interpretation. It has not been tested against our dataset the way the candlestick formations have.