TRENT LTDShort
TRENT DOUBLE TOP (1HR)
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DOUBLE TOP
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The double top pattern is a bearish reversal pattern that appears on a chart when the price reaches a high point twice with a moderate decline between the two highs. It looks like the letter "M" and signals that the asset might be losing its upward momentum.
Here's how to identify and interpret a double top pattern:
Two High Points: The price reaches a high level, pulls back, and then rises again to the same high level.
Support Level: The low point between the two highs forms a support level. If the price falls below this support level, it confirms the double top pattern.
Volume: Look for higher trading volume on the second high and a decrease in volume on the decline, which confirms the pattern.
DOUBLE TOP
Copilot
The double top pattern is a bearish reversal pattern that appears on a chart when the price reaches a high point twice with a moderate decline between the two highs. It looks like the letter "M" and signals that the asset might be losing its upward momentum.
Here's how to identify and interpret a double top pattern:
Two High Points: The price reaches a high level, pulls back, and then rises again to the same high level.
Support Level: The low point between the two highs forms a support level. If the price falls below this support level, it confirms the double top pattern.
Volume: Look for higher trading volume on the second high and a decrease in volume on the decline, which confirms the pattern.
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.