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Trade ethereum to Binance Coin If the lower low is 20 and the breakout occurs at 30 (a 2:3 ratio), for example, then the target price is 45. Double top charts are bearish reversal patterns in a prevailing uptrend. With a double top chart, you’ll see a brief pullback followed by an abortive rally, then a second pullback at the previous high, which then results in the price breaking down below the earlier low: It’s easy to be lured into a double top pattern. Ideally, you’ll wait until the price drops below the first pullback low after retesting the top because this is when the formation is complete, and it’s the low point in the chart. To calculate the price target of a double top pattern, you can either subtract the height of the formation from the point where support breaks. Or, you can analyze the ratio between the formation’s top and pullback low. 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