What Is a Double Top? A double top is an extremely bearish technical reversal pattern that forms after an asset reaches a high price two consecutive times with a moderate decline between the two highs. Or in simple words... A double top is a bearish technical reversal pattern
It is confirmed once the asset's (Banknifty's) price falls below a support level equal to the low between the two prior highs... Here ... a support level equal to the low between the two prior highs .. is 35500 level.. as shown in Yellow Circle.