Double top in PEL ???!!!
Updated
Chart clearly depicts the pattern.
PEL - Primary trend is Bearish.
Double top - with 2nd top having high lower than the 1st top.
Previously there was a double bottom like formation, but the 2nd bottom low was lower than the 1st bottom's low.
Let's see whether this double top works or not !!!!
Entry only after the breakdown of the white dashed trendline..
Target about 80 points according to double top pattern.(760 level)
SL above the high of the breakdown candle...(only closing price)
Note - Just sharing my view....not a tip nor advice!!!!
PEL - Primary trend is Bearish.
Double top - with 2nd top having high lower than the 1st top.
Previously there was a double bottom like formation, but the 2nd bottom low was lower than the 1st bottom's low.
Let's see whether this double top works or not !!!!
Entry only after the breakdown of the white dashed trendline..
Target about 80 points according to double top pattern.(760 level)
SL above the high of the breakdown candle...(only closing price)
Note - Just sharing my view....not a tip nor advice!!!!
Note
moving as per levels...Note
At the crucial point...let's seeTrade active
Given Breakdown....let's see...Note
GOING AS PER PATTERNNote
Retracement in process!!Note
After consolidation, Breakdown again!!!
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