An "extremely bearish" technical pattern, known as a double top, has taken shape on the Magnificent 7 stocks' combined price chart, fueling fears of a selloff.

Trading Forex Using the Double-Top Pattern. Trading a double-top pattern is the same in the forex market as in any other financial market where market psychology exists and technical analysis applies.

A techbook 'double top' pattern has formed on the chart of NRG Energy (NRG). This means a new downtrend may have begun. A new wave of value and momentum stocks could be setting up for major moves ...

LTC/USD four-hour price chart featuring “double top” pattern. Source: TradingView In detail, LTC’s price peaked out on Nov. 10 near $295.50 — the first top — before correcting lower ...

A double top will resemble the letter "M" to a greater or lesser degree. This pattern is confirmed when the stock falls below the two low points, or troughs, that were created.