Double Pattern is seen in COMOS ATOM/USDT hourly chart.
Entry we can enter short trade after close of strong bearish candle at resistance zone.
Target will be the next support zone.
Stoploss will be above the resistance zone.
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Chart does insist me the above titled opinion
Reasons
In Monthly timeframe, Asian paints looks like, is in formation of a DOUBLE TOP!!! ( Making HIGH(Jan 2022)and LOWER HIGH(Sep 2022) respectively)
(shown as image attached in the chart)
1. Asian paints has been travelling in Ascending channel pattern(red and green) taking support at respective levels...
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* All the information shared in this chart is provided for strictly educational purposes only.
* This chart is sharing information are based on the theory of technical analysis .
* This is not an offer to buy or sell stocks, futures , options, commodity, forex,...
Double Top in Bitcoin
Crypto market has shown bull and bear cycle in very short span of time.
From rising from 10000 usd to 69000 usd and from 69000 usd to 16000 usd in span of around 2.1 years
I think it is fastest reversal of any new tradable market.
Double top means making almost two equal highs and failure of bull to make new high while bears pressure of...
Bitcoin is making a double top on 15m/1h time frame.It is retesting now, and if there, a highvolume breakout happens, then a short trade can be initiated for further support.keep an eye on this.
can this be good one??
if it break support good opportunity for this trade.
Double top pattern / M pattern.
100% sure it will give good profit on this.
Take it review and comment your view on this..
thanks
who all missed entries. can short at given levels. after a while XAUUSD is giving movement. take advantage of the double top. short when neckline breaks.
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...
Jindalsteel looking weak, sell @ 551 - 552 for the marked targets on the chart.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Dogecoin is forming a double top in 15m/1h time frame.A short trade can be initiated on breakout and may reach to the levels that has shown in chart.keep an eye.
Also,I know I am just posting very few in a month,but I try to post only some quality trades.So,please keep patience.But I will post frequently on other markets too from the upcoming year. Thank you.
Dogecoin is forming some bearish trade setup these days.It may give us some great fall after the breakout.Here are two trade ideas-swing and intraday that I wanna share with you guys in detail.check below.
Trade 1: The first one is a swing trade.Dogecoin made a beautiful double top pattern in 1H time frame which broke out it's neckline(0.9684 level) downward and...
nifty 50 analysis for 6 decemeber 2022
nifty is forming a double top pattern at 18700 levels
**disclaimer: this is only for educational purpose and not an investment advice do your own research before investing**
