Double Top (M) Pattern — what it is and how to read it

Bearish pattern Classic and harmonic chart patterns

Rejected twice from the same level (an M shape). The low in between = the neckline. Completed when the neckline breaks downward.

How to read it

A bearish structure is only a candidate until its trigger breaks down. StockFortuna draws the ▼ marker only on a red candle that closes below the trigger — a description, not a recommendation.

BIST 100 stocks where our scan detected it (last 30 trading days, 19 Oct 2026)

Automatic detection only (alphabetical) — StockFortuna does not recommend stocks; open the chart and judge for yourself. Not investment advice.

FAQ

What is the Double Top (M) Pattern?

Rejected twice from the same level (an M shape). The low in between = the neckline. Completed when the neckline breaks downward.

Is the Double Top (M) Pattern bullish or bearish?

It is a bearish (downside) pattern.

When is it marked on the chart?

Only when a red candle closes below the trigger; the ▼ marker describes what the chart did, it is not a recommendation.

How can I see the Double Top (M) Pattern on a live chart?

Open StockFortuna → Markets → Chart Studio and pick it from the list; the pattern is detected automatically on real data.

Related

• QM (bullish)
• QM (bearish)
• Bullish Gartley
• Bullish AB=CD
• Double Bottom
• Inverse Head and Shoulders (bullish)
• Head and Shoulders (bearish)
• 1-2-3 Reversal
• Cup and Handle
• Bullish Bat
• Bullish Butterfly
• Bullish Crab

For information and education only — not investment advice.