Source: wikibot/overshooting-top
= Overshooting top
{wiki=Overshooting_top}
The term "overshooting top" is often used in the context of financial markets and technical analysis. It refers to a price pattern where an asset's price rises significantly above a previous resistance level or its intrinsic value before subsequently declining. This occurrence often happens during periods of excessive optimism or speculative trading, where buyers push the price too high due to strong demand or hype.