As part of articles series about Technical Analysis , I'll explain Double Top and Double Bottom Patterns
I talked in previous articles about
Double Top
Double Top
Double Top is a pattern comes at the end of up trend and indicates to that the market looking forward to the soon time to test the lowest levels ,and in order to that shows correctly the first top must be higher than the second top , generally the prices start falling
? How to use double top in technical analysis
When the double top pattern shows to you and the price start falling and broke the support line ,in this case you can open selling deal
Double Bottom
Double Bottom
Double Bottom is a pattern comes at the end of up trend and indicates to that the market looking forward to the soon time to test the highest levels ,and in order to that shows correctly the first bottom must be lower than the second bottom , generally the prices start rising
? How to use double bottom in technical analysis
When the double bottom pattern shows to you and the price start rising and broke the resistance line ,in this case you can open buying deal
No comments:
Post a Comment