Educational
Study Notes: Double TopsThese are study notes for the free Babypips course.
Based on this article: www.babypips.com
Chart we're using is the infamous Bitcoin double top of late 2017.
Notes:
- Neckline is the resting place between the first top, and the second, failed 'run up'
- When the 2nd run up fails, that indicates that buyers are exhausted
- Notice the indecision doji, near the neckline and right before the drop!
- Distance between neckline and top = good basis for the size of the first big drop, to calculate your short
HDFC Short Target 1900 Stopploss 1940have broken support. if HDFC AMC list on Monday high change sl will broke
GLENMARK PHARMA At SupportAfter more than 61.8% Retracement it is showing consolidation on the weekly chart.
This is a good time for long term investors with small stoploss at Support.
A breakout will take it upward.
DISCLAIMER: I AM NOT SEBI REGISTERED. CHART BEING UPLOADED FOR EDUCATIONAL AND STUDY PURPOSE ONLY.