Reversal · Bearish · High reliability
Pipe Top Pattern Explained
Two tall, narrow peaks side by side at about the same high.
What it looks like
Two tall, narrow peaks side by side at similar highs — a rare bearish topping formation.
Often clearer on daily+ timeframes when structure is well defined.
Visual example
Illustrative geometry on ChartNox charts — not a live trade signal.
How to identify it
- Look for two long spikes up on neighbouring bars, usually on a weekly chart.
- Check that the spikes stand out from the bars around them.
- Bearish bias is usually read after price drops below the low of the two bars.
When the read is wrong
Invalid if price climbs above the two peaks and holds there.
Common mistakes
- Reading it on very short timeframes, where neighbouring spikes are common.
- Counting bars that barely stand out. The two spikes should clearly tower over nearby price.
Questions and answers
Why is it called a pipe top?
The two tall, narrow bars side by side look like a pair of pipes.
Is a pipe top common?
No, it is a rare shape. That is why it is worth checking the bars really stand out before reading it.
Ask ChartNox AI about Pipe Top
Open the tutor with this pattern pre-seeded. Educational coaching only — not a trade recommendation.
- How do I identify a Pipe Top on a chart, step by step?
- What usually invalidates a Pipe Top pattern?
- What mistakes do beginners make with Pipe Top?