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Equivalent Double Top stopped with high volume at both Points B. These equivalent Tops have occurred in a duration of 17 days.
This has not achieved the target fully; however it still had a chance to make profits however the risk to reward ratio was not equal. i.e Risk was more than reward.
| M | T | W | T | F | S | S |
|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | ||
| 6 | 7 | 8 | 9 | 10 | 11 | 12 |
| 13 | 14 | 15 | 16 | 17 | 18 | 19 |
| 20 | 21 | 22 | 23 | 24 | 25 | 26 |
| 27 | 28 | 29 | 30 | 31 | ||
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Sorry for the Typo: stopped its *spotted as below
Equivalent Double Top spotted with high volume at both Points B.
Hi,
The Double Bottom has a minimum twenty days of candlestick formation. Anything less than twenty candles is likely to be a pennant formation, not a Double Bottom .
Hi,
The Double top has a minimum twenty days of candlestick formation. Anything less than twenty candles is likely to be a pennant formation, not a Double Bottom .
Thanks for your enlightment. Will use your feedback to correct my understanding.