This topic contains 270 replies, has 270 voices, and was last updated by  Divya E R 8 months ago.

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  • #5276

    What is Double TOP? What are their conditions to determine the bearish trend?

    Rank: Level 4

    When a chart is plotted with the data and if we found there are two tops formed which are very much similar we can say a double top is formed, it will look like a Letter “M”. The twice touched high is considered as  a resistance level. If the stock moves down again after touching the high which was previously formed then we can considered the trend is bearish.

     Abirami Duraisamy 
    Rank: Level 5

    When the daily price is plotted with line chart, there should be two visible equivalent tops with the duration of 1 month timeline with high volume in second top.

    Conditions to determine bearish trend: Two equivalent tops with 1 month duration & high volume at the second top or at the neck line and the trend goes down below the neck line.

    Rank: Level 7

    Double top conditions

    Two equivalent tops

    Volume should be high after the second top

    duration is 20 days to 1 month

    Short position can be created  below the previous low.

    Rank: Level 4

    The two top is meeting at same level and comes down at the both location due to seller.

    the volume will high when coming down in the second top and breakout at previous bottom, then we confirmed the trend is bearish.

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