- This topic has 270 replies, 270 voices, and was last updated 2 years, 7 months ago by
.
-
Posts
-
Two Equivalent Top. Volume and Second Top should be High. Duration between first top and second top min 20 Days. Short position can be considered below previous low.
Double top pattern is a frequent price formation at the end of a bull market. It appears as two consequitive peaks of approximately the same period on a price versus time chart of a market
Conditions
Two equivalent top should be identified
Volume should be high during point B or Point C
The duration between Point A to B is minimum 22 trading days ( 1 month)
Create short positions if price breaks the previous bottom
The double top is tje frequent price formation of the end of a bull market. It appears as two consequent peaks of apprximtely the same price
Where the buyers are aggressive consecutively at a point, which is spotted as higher top , the consecutive Higher top is termed as Double Top
Duration between the tops should be minimum 1 month
volume should be high at second top
when the prices starts going below the previous bottom we have to create short position
In this way we can determine the bearish trend
- You must be logged in to reply to this topic.
