Pipe Top

bearish

Definition

Two adjacent tall spikes at a high (clearest on weekly charts) — a double stab that fails.

Two sharp pokes to the same heights, then a fall — the highs get rejected twice in a row.

💡 Two flagpoles planted side by side at the summit — then everyone descends.

down

Entry: On the close below the lower of the two spike lows. · Stop: Above the twin spikes. · Target: Spike height projected below the base.

Best seen on weekly timeframes.

~70% follow-through on confirmation · Medium reliability

1. Is the Pipe Top generally considered bullish, bearish, or neutral?

2. After a confirmed Pipe Top, the expected direction is usually:

3. Which is a common beginner mistake with the Pipe Top?

Educational and probability-based analysis only. This is not financial advice and not a prediction of real market outcomes.