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Double Top or Bottom

The double top is one of the most popular patterns in trading. It's a reliable reversal pattern that can be used to enter a bearish position after a bullish trend. It consists of 2 tops at nearly the same level with a valley in between, which creates the neckline. The second top does not break the level of the first top, so the price retested this level and tried to make a higher high, but failed. Price breaking the neckline and closing below it would complete the pattern.

Conservative traders look for additional confirmation and aggressive traders may enter a bearish position from the second top. The target can be estimated by measuring the height of the pattern and projecting this downwards from the neckline. Common stop levels are just above the neckline, halfway between the neckline and the tops or above the tops. The double bottom is the bullish version of this pattern that can form after a downtrend. A popular variation of this setup is the 2618 trade (as taught by Jason Stapleton) with specific rules for the pattern configuration including where to enter and to exit the trade.
aaditya5 aaditya5 RELIANCE, D,
RELIANCE: SHOULD BUY
60 0 1
RELIANCE, D
SHOULD BUY

23-01-2018 BUY RELIANCE ABOVE 971 TGT1=1000 TGT2=1016 TGT3=1030 closing base SL=934

AbhishekHSinghCMT AbhishekHSinghCMT TOP NIFTY, 180,
NIFTY: Nifty - Bearish Butterfly & Double Top@10500
1018 26 34
NIFTY, 180
Nifty - Bearish Butterfly & Double Top@10500

There is a bearish butterfly & double top@10500. Trading Strategies Strategy 1 - If Nifty Holds in 10400 -10425 then expect a bounce to 10460-10485 & we book profits & wait outside Strategy 2 - If Nifty gets resistance between 10475-10500 after strategy 1 is done then look to sell on tops with minimum stops above 10500 - Target -10425 - 10390 - Below 10370 ...

AbhishekHSinghCMT AbhishekHSinghCMT TOP HEXAWARE, W,
HEXAWARE: Hexaware Video - 237 to 350- New Story Unfolding Part 2
07:29
853 22 47
HEXAWARE, W
Hexaware Video - 237 to 350- New Story Unfolding Part 2

Wish you all happy new year 2018! As published last on this stock in May 2017 - Journey above cloud @237 - A new story could unfold, I am excited to put video update about that story & its current structure. Do support & enjoy.

AbhishekHSinghCMT AbhishekHSinghCMT TOP AUROPHARMA, D, Short ,
AUROPHARMA: Auropharma - False Breakout trying to tell you something@800
1055 18 40
AUROPHARMA, D Short
Auropharma - False Breakout trying to tell you something@800

When we start trading as a novice -one of the strategies we are inclined to take is breakout trades as they are intended to give big moves in the breakout direction. One should always be prepared to experience many false breakouts: the price breaks out of the pattern, only to revert right back in putting you in losing position. If breakouts happen to be false ...

AbhishekHSinghCMT AbhishekHSinghCMT TOP HINDZINC, M,
HINDZINC: Hindustan Zinc - Hot Century (100) Non Stop -Can Double Top Stop
510 1 17
HINDZINC, M
Hindustan Zinc - Hot Century (100) Non Stop -Can Double Top Stop

Wow! - What a harmonic structure scored 100 points non stop - can Double Top stop the zinc journey. 24th May2017 Update - Harmonic M-333 with Zinc Coating at 230-240 https://in.tradingview.com/chart/HINDZINC/UDbc17W5-Hindustan-Zinc-Harmonic-M-333-with-the-Zinc-Coating-at-230-240/

sagar.potekar.7 sagar.potekar.7 YESBANK, 60, Long ,
YESBANK: YES Bank Ltd! Double Bottom Reversal (1hrs Chart)
171 0 4
YESBANK, 60 Long
YES Bank Ltd! Double Bottom Reversal (1hrs Chart)

Technical : Double Bottom Reversal Chart Pattern (1hrs Chart) Keep an Eye On Trend reversal line And Double Top Breakout @ 360 Closing Basis on 1hr chart Technical Target : 416

pratik2358 pratik2358 HINDALCO, D, Short ,
HINDALCO: hindalco , rallied enough ..now GO BACK!
157 2 3
HINDALCO, D Short
hindalco , rallied enough ..now GO BACK!

Will like to go short on the above stock , with stop loss of todays high !

sagar.potekar.7 sagar.potekar.7 AJANTPHARM, W, Long ,
AJANTPHARM: Ajanta Pharma Ltd. Double Bottom Reversal Chart Pattern!
84 0 3
AJANTPHARM, W Long
Ajanta Pharma Ltd. Double Bottom Reversal Chart Pattern!

Technical: 1) Chart Pattern : Double Bottom Reversal Level : 1180 2) Retracement Calculation *1st Calculation* A: 1727 B: 1116 Retracement Level 1.618 Target : 2100 Completed Trade Closed. *2nd Calculation* A: 2141 B: 1121 Retracement Level 1.618 Target : 2771.

sunildh20 sunildh20 PRO BTCUSD, W,
BTCUSD: BTCUSD
72 0 2
BTCUSD, W
BTCUSD

Short term top

NeeteshJain NeeteshJain TOP APOLLOTYRE, D, Long ,
APOLLOTYRE: Apollo Tyres - Long Awaited Breakout
1759 12 56
APOLLOTYRE, D Long
Apollo Tyres - Long Awaited Breakout

It has been observed that the price action trending downward for past few months and dropped from 290 to 230 levels. Now, the price action breaking above the downward trendline which will indicate a strong buying pressure and buyers comeback. Once it closes above 243 levels then it shall confirm the upward rally from here on and every dip shall become a buy. T1- ...

praveen.bhatiya praveen.bhatiya SUZLON, D, Long ,
SUZLON: Learning/Trade Action Reaction Set as taught by Dr Andrews
273 9 8
SUZLON, D Long
Learning/Trade Action Reaction Set as taught by Dr Andrews

Although the Action/Reaction method as taught by Andrews is a very good trading setup but is less known by Indian traders so am explaining it step by step. First we draw a Multi Pivot Line : A line drawn across 3 or more pivots without touching prices in between. The next step is to locate a previous low or high pivot point to use for drawing an action ...

Bravetotrade Bravetotrade UPL, 60, Long ,
UPL: Bearish Butterfly in a Bearish Flag
203 1 13
UPL, 60 Long
Bearish Butterfly in a Bearish Flag

Notes on the chart. "Wish you all a very happy and prosperous new year" Just trade safe and stay healthy. Regards Bravetotrade

sagar.potekar.7 sagar.potekar.7 GANESHHOUC, 60, Long ,
GANESHHOUC: Ganesh Housing Corporation Ltd There are 2 patterns in the chart
119 2 1
GANESHHOUC, 60 Long
Ganesh Housing Corporation Ltd There are 2 patterns in the chart

Technical : There are 2 patterns in the chart for 1hr KEEP AN EYE ON Chart Pattern 1. Flag pattern 2. Double Bottom Reversal 3. RSI Divergence The breakout was confirmed on 12/11/2018 11:15am Candle @183 Technical Target : 207 Fundamentals : (Fundamental Medium Term Target 250) (Fundamental Long Term Target 300) 1.Total (Mkt. Cap) : 899cr 2.Debt : ...

sagar.potekar.7 sagar.potekar.7 CUPID, W, Long ,
CUPID: Cupid Ltd! Double Bottom Reversal (Weekly Chart)
72 0 1
CUPID, W Long
Cupid Ltd! Double Bottom Reversal (Weekly Chart)

Technical : Double Bottom Reversal Chart Pattern (Weekly Chart) Trend reversal line And Double Top Breakout @ 340 Technical Target : 431 Fundamentals : (Fundamental Medium Term Target 500) (Fundamental Long Term Target 600) 1.Total (Mkt. Cap) : 418cr 2.Zero Debt : 0.00cr 3.Stock PE : 18.40

Vijayaraghavan Vijayaraghavan SUZLON, D, Long ,
SUZLON: Suzlon short term view
81 2 2
SUZLON, D Long
Suzlon short term view

Double bottom breakout. Target mentioned in graph. (16.60) Vijayaraghavan, Kovilpatti.

safetradingviews safetradingviews JSWSTEEL, D, Short ,
JSWSTEEL: JSW Steel - Tripple Top in Channel
88 5 4
JSWSTEEL, D Short
JSW Steel - Tripple Top in Channel

Fallen From Resistance of Channel. Resistance of Trend Line. Tripple Top. Positional View for January Series. Other Details Mentioned in Chart. I am not SEBI Registered Financial Advisor.

Bravetotrade Bravetotrade UBL, 240, Long ,
UBL: UBL: Potential For Upside
195 7 9
UBL, 240 Long
UBL: Potential For Upside

Notes on the chart.

Bravetotrade Bravetotrade NIFTY, 240,
NIFTY: Nifty: Potential For The Rising Butterfly
436 6 19
NIFTY, 240
Nifty: Potential For The Rising Butterfly

Its been a while since I wrote on the Index. In my last post I marked 10094-10013 as the key area. https://in.tradingview.com/chart/NIFTY/LWuQVV8Y-The-Perfect-Bullish-Bat-Below-10094/ Market tested that key area and bounced sharply. Although the Bat pattern could not complete as per expectations, market reacted near 1:1 level (10013) shown in the above post and ...

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