What Is a Double Top?
A double top is an extremely bearish technical reversal pattern that forms after an asset reaches a high price two consecutive times with a moderate decline between the two highs.
Or in simple words...
A double top is a bearish technical reversal pattern
It is confirmed once the asset's (Banknifty's) price falls below a support level equal to the low between the two prior highs...
Here ... a support level equal to the low between the two prior highs .. is 35500 level.. as shown in Yellow Circle.
A double top is an extremely bearish technical reversal pattern that forms after an asset reaches a high price two consecutive times with a moderate decline between the two highs.
Or in simple words...
A double top is a bearish technical reversal pattern
It is confirmed once the asset's (Banknifty's) price falls below a support level equal to the low between the two prior highs...
Here ... a support level equal to the low between the two prior highs .. is 35500 level.. as shown in Yellow Circle.
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Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.