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The double top and bottom patterns are commonly used technical analysis tools in the stock market. They are formed when the price of a security moves in a specific pattern, creating a pattern that looks like two peaks or two troughs. The double top pattern is a bearish reversal pattern, indicating that the upward trend is about to reverse, while the double bottom pattern is a bullish reversal pattern, indicating that the downward trend is about to reverse.
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- 19 Apr 2023
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