Double Top With Compression Pattern

I've been going through charts and filing patterns which I've noticed repeatedly. It is so fun to do so and helps increases my confidence in them. In this post I want to share another powerful pattern. It is some what like a double top, but the defining factor is that there is compression prior to the second top, and the second top is often into a supply zone. A bearish divergence is also almost certain. Here are some charts:

This is similar to the CP + LS pattern - compression followed by a liquidity spike. In this context, price first forms a first top. It then drops and slowly compresses up. This compression is the pro money's attempt to remove buy orders so that the subsequent move down is unopposed. After the compression, price spikes up. This stops out early shorts as well as traps breakout longs, providing liquidity for the pro money to go short. A huge reversal then happens. The way to trade this is to wait for a candlestick pattern or rejection wicks at the supply zone where the second top is occurring. More aggressive traders can just take a touch trade at the zone with a stop above.