what is the success rate of a double top pattern 
any chart pattern s success rate depends on a number of variables market conditions timescale the degree of pattern formation and the presence of confirming signs or signals all affect the success rate it s crucial to remember that chart patterns like the double top pattern don t always accurately forecast future price alterations they can produce false signals or unsuccessful patterns but they are useful for spotting possible trends and reversals the bottom linethe double top pattern is interpreted by traders and analysts as a bearish indicator it implies that the upward trend has slowed down and that a price decrease is more likely the break of the neckline a horizontal line formed between the lows of the troughs is frequently used by traders to confirm the pattern it is considered a signal to start short positions or sell when the price crosses below the neckline with the expectation that the price will continue to decrease 