ZUARI – DOUBLE TOP PRACTICE (OLD DATA)

THE CONDITIONS OF DOUBLE TOP ARE 

1. TWO TOPS SHOULD BE EQUIVALENT.

2. THE DURATION BETWEEN THE TOP’S MUST BE MINIMUM ONE MONTH.

3. THE VOLUME OF THE TRADE DURING THE SECOND TOP OR THE CROSSING NECK LINE SHOULD BE VERY HIGH.

IF ALL THESE CONDITIONS ARE SATISFIED THEN  WE CAN CONCLUDE THAT , THE BEARISH TREND HAS STARTED.