The double top is a reversal pattern. Prices make a new high, then pull back. The next move is a rally back to the top but this time prices fail to make a new high. This is precisely where the Real Estate sector is, see chart.
In a double top, prices should pull back a second time back to the support line at 1904. A break below the support line would constitute a downside trend reversal and complete the pattern. A price target is calculated by projecting the depth of the pattern from the breakout point. In this example the target would be 1590.
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