Trading Pattern Dictionary / 5min Double Top

AI Overview

The 5min Double Top pattern is a bearish reversal pattern that occurs after an uptrend, characterized by two peaks at roughly the same price level. This pattern suggests that buyers are losing momentum, and a price drop may follow.

Key Details of 5min Double Top

• Goal: To identify potential reversals in an uptrend.
• Methodology: Traders look for two peaks followed by a decline below the support level.
• Origin: The double top pattern has been recognized in technical analysis for many years.
• Market Impact: This pattern can signal a shift in market sentiment from bullish to bearish.

Recognizing the 5min Double Top pattern can help traders make informed decisions about potential market reversals.

Track this pattern in your trading journal

On TradeJournal.co, traders tag closed and open trades with this pattern label to connect setup names with real journal statistics: frequency, profit and loss, and post-trade review notes. The public Trading Pattern Dictionary shows community-wide aggregates on each pattern page (trade count, popularity share, and public P&L) so you can compare how often a behavior appears across the platform.

Use TradeJournal to filter your own history by pattern, build statistics dashboards, and spot recurring mistakes or edges—without relying on memory alone.