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  • #52064
    Gopalan R S
    Participant
    Rank: Level 4

    Double Top & bottom exercise:

    1. Equivalent tops seen in T1 & T2, T3 & T4

    2. Equivalent bottoms seen in B1 & B2, B3 & B4

    3. After tops T1 & T2, the Short position is successful.

    4. After tops T3 & T4, the price does not fall below B4 and double top fails.

    5. After bottoms B1 & B2, opportunity to create a long position appears till T3.

    6. After bottoms B3 & B4, opportunity to create a long position appears and it is still going strong.

     

     

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