ACC Ltd Double top chart Attached
It was Found between Sep’18
Volume is high @ Point C so short positions can be considered.
, , Double Bottom
, , Double Bottom
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Bullish View
Bearish View
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Hi,
Good spot… the price level at both these peaks represents a key level of resistance. In the above chart point, A and point B is absolutely right but we need to discuss about point C… You can easily find the trade levels just follow the instructions …. First, draw the two horizontal lines; one should be above the two peaks across the top of the pattern, while another should be horizontally through the lowest price point along the bottom, where the price retraced.
A breakout to the downside below the bottom horizontal line is generally viewed as a sell signal, indicating a shorting opportunity(Note-Volume should be high during the breakout)