All this talk about double tops etc is a load of old cobblers!...

All this talk about double tops etc is a load of old cobblers! ;)

A double top is a diagnosis made in hindsight - you can only say there HAS been a double top once it has happened. It has to make the second top, then fall below the support level from between the tops before you can state that it is a double top formation. You can't define one WHILE it is happening.

And TOX is still in an uptrend on my charts, having just had a retracement that tested 26-day EMA.

I'd expect it to resume the uptrend from here, at least for a while, and it should do so in the usual up-and-down seesaw chart action. There will be some up days, and some down days, but higher highs and higher lows, before the next retracement.

To say that it is forming a double top is pure guesswork and speculation. That is NOT what TA is about....