"Winning a bad bet can be the most dangerous outcome of all, because a success of that kind can encourage you to take more bad bets in the future, when the odds will be running against you. -- Larry Hite"
Double Top patterns occur when prices fail to make new highs at significant previous high
levels. Double top patterns are relatively reliable and easy to trade. Also, these patterns fail
as they may potentially form triple or multiple top formations. Double tops usually
signal the end of a bull run, depending on the width of the top formation. Volume in the first
swing should be heavier than the volume on the second swing. In addition, the volume maybe
heavier on the breakdown bars. If the breakdown volume is weaker, it may be signaling a
triple or multiple top formation
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