I am observing the development of a double-top formation

We have a 1,2,3 top formation, a clear warning of trend reversal. The critical turning point occurs at Point 3, where the failure to exceed Point 1's peak underscores a noticeable lack of interest in maintaining the current bullish momentum. This pattern's inability to create new highs is evidence of diminishing buying pressure, a precursor to potential downtrends.development of a double-top formation, which, along with a falling wedge pattern, signals possible turning points in the market.

We have also a recent double-top pattern, with two distinct peaks at similar price levels. This suggests strong resistance and a potential bearish reversal. If the price breaks through the support level, which acts as a neckline between the peaks, this could confirm the trend reversal.

At the same time, the falling wedge pattern indicates a bullish undertone. This pattern requires a confirmed upward breakout with sufficient volume to validate a reversal. The falling wedge is usually recognized as a bullish pattern that occurs after a downtrend and suggests a possible reversal if the price breaks upward.

However, until a breakout is confirmed with significant trading volume, I am assuming that the current downtrend will continue.