- two equivalent tops are identified at A & B
- high volume is seen at point B
- duration between point A&B is 41 days which is nearly a month
- short positions can be considered below previous low point i.e from point C
, , Double Bottom
, , Double Bottom
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Hi,
The double top occurs after an uptrend and indicates a possible reversal. To qualify as a reversal pattern, there must be a prior trend to reverse. Check whether the top A appears after a bullish trend or not?