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No - It's not a double top. What you are looking at is a test of...

  1. 9,435 Posts.
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    No - It's not a double top.

    What you are looking at is a test of resistance set back in Jan. 2018.

    A double top is not formed until the trough between the two tops is broken to the down-side.

    https://stockcharts.com/school/doku...t_analysis:chart_patterns:double_top_reversal

    https://www.investopedia.com/terms/d/doubletop.asp

    The following is a simplified diagram from Bulkowski:

    Screen Shot 2018-10-01 at 3.51.23 pm.png
 
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