Price made raising wedge pattern which ends at the previous high to make a double top. Expecting the price to fall as per the pattern, if breaks the previous high then it is good for long.
OANDA:EURUSD IN ONE DAY TIME FRAME DOUBLE TOP FORMED AND FORMED A SPINNING TOPS IN DAY TIME FRAME ONE HR TIME FRAME SIDE WAYS WAIT FOR DOWN BREAKOUT AND WAIT TO COMPLETE PROPER RETEST THEN TAKE A SHORT POSITION REWARD IS HIGH THIS IS SWING TRADE SO TRY TO USE TRAILSTOPLOSS
Double Top Buying Breakout. CMP: 679.80; ATR : 56.10; Adding into breakout level and making target : 729.30 with SL : 665.10 close base 1 day... Risk is yours and Reward is too yours totally
NSE:TATAMOTORS is forming Double Top or you can say M pattern on 15 min chart .. which is considered as extremely bearish. Levels are mentioned in the chart To be safe Short below : 289 Target : 282 or below P.s : I am still in learning phase ... all the critics are appreciated .. please let me know if i am wrong. Note : This is for educational purpose...
looking to retrace 50% of the recent rally on weekly chart. Double top on daily chart. Narrow CPR on daily with falling price, which may continue. on Weekly closing below 21DMA.
Double Top Pattern 1. Double Top Pattern is a Trend Reversal Pattern. 2. In this case the trend prior to the Double Top Pattern was clearly an Uptrend. 3. Bandhan Bank broke the confirmation line and a good entry, in this case, would have been @ 374 on 15.01.2021 using the Retest Entry Technique. 4. Target would have been the Height of the Double Top Pattern or...
it has formed double top at 284 on daily chart, either it could consolidate until it touches 21 EMA or it may fall upto 21EMA. if it breaks recent swing low it can fall further down.
*Double top formation, EW, Short Hey, I'm a beginner publishing my first analysis and trying to learn. Please correct and guide me if there's any kind of mistake with my analysis.
#ultratechcement showing weak signs with nifty breaking its trendline today, market may be bearish for the next week also, RSI is near 40. if ultratechcement breaks trendline, you can easily short it for good profits if it takes support at the support zone, then go for a long position. market is supreme and we should always respect the trend #stockmarketindia ...
MFSL forming double top formation if it takes support from the blue zone, you can try going long else, if it breaks the trendline, you can go short disclaimer: markets can be irrational since budget is near.So trade wisely
If reliance breaks this resistance we can have a bearish view on reliance Reliance will again come inbetweeen the levels where it faces resistance
If Endurance Technologoes breaksdown below 1289, the neck line, it can go all the way to 1204 and then to 1125
Titan given breakout of Double Top formation on daily time frame. volumes are not much attractive but overall trend is negative.
Dr Reddy has given breakout of double top pattern, again retested base line also took 50% retrenchment resistance & moving towards its target with supportive volume.
Reliance shorting opportunity Reason for Short: 1. Resistance 2. Double top 3. Trend line break out Lets wait and see... Cheers!!!
Hdfc bank spot cmp 1575 Previously shared study to go short around 1610 levels with stoploss of 1625 ,, Counter was not able to sustain above 1625 levels,, and now have started falling,, Double top pattern formation on hourly time frame,, Neckline for the pattern is around 1560-1565 levels,, Once break below 1560 levels more shorts can be added for down side...