Tata chemicals double top formation – EQSIS PRO

Manoj, October 23, 2019, Double Bottom

Duration gap >20 days

entry at 635, target 555, SL 715

2 Comments

Naresh 5 years ago

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?

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  Manoj 5 years ago
  
  Okay, here the top A occurs after a bearish trend. Similarly, a bearish trend should be present before a double bottom for it to reverse trend?
  
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