double top pattern discussion

Double top pattern discussion

Assalam alaikum dear members!

• umeed ha ap sb khairait se hn gy or apki trading bhht achi jaa rahi ho ge.
• dear members aj ki post ka topic ha double top chart pattern or hum aj esko study karen gy or esko trade karny ka tareka bhi dekhen gy.

What is double top chart pattern?

• Dear members double top chart pattern aik bearish reversal chart pattern ha mtlb k ye pattern bn jay to es k bad market bearish hoti ha.
• or ye pattern bullish trend k end main bnta ha or us k bad bearish trend start hota ha.

How it is formed?

• dear members jb market up trend main hoti ha to market kafi opr jaa k aik resistance se takrati ha or apna high bnati ha js k bad wapis ati ha market thora sa retrace ho kr or aik support se takra kar wapis opr previous resistance se tkrati hanor wps ati ha.
• estrha opr wali resistance ko market 2 bar touch karti ha or esi ko double top kha jata ha.

Neckline:

• dear members jb market apni phli top bna k js support ki trf ati ha or wapis apni previous resistance ki trf jati ha to es support line ko neckline kaha jara ha.

Breakout of neckline:

• Dear members double top chart pattern main trade karny k lye hamen pattern k complete hony or neckline k breakout ka wait karna chahye.
• neckline ka breakout tb hota ha jb market double top pattern ki neckline ko cross kr k es k nechy jati ha or js time frame main ye pattern bnta ha usi time frame main market neckline k nechy candle close kary ye breakout ki confirmation hoti ha or es k bad hum sell ki trade le skty hain.

• or es main hmara stop loss neckline se thora opr ho ga jb k profit tarhet top se neckline ki height k equal nechy ki taraf ho ga.

chart pattern hota hey jahan ar price 2 high level ko touch karte hey or dosree koshesh kay doran zyada honay mein nakam rehte hey es pattern mein taqreban aik he size ke 2 peaks hote hein or on kay darmean mein aik lower hesa bhe shamel hota hey sab say top par aik resistance line hote hey jo keh es bat ko indicate karte hey dono peaks aik jaice hote hein yeh pattern M ke shape banata hey or es ko pattern ko bearish reversal chart pattern samjha jata hey Double top pattern up trend mein he zahair hota hey or support line say price break honay say nechay tak reversal ho jate hey zyada qadamat passand trader es bat ko indicate kartay hein neckline ko janchanay kay ley price ka intazar karna chihay neckline ab support say badle resistance line an gay hey Pehchan Double Top Pattern aik jaice choray or onchai ke do alag alag tops ko pehchan karna chihay peaks kay darmeanmein distance boht kam nahi hona chihay timeframe par depend karta hey neckline support ke price ke confirmation karte hey Double top bearish signal ko confirmation karna hota hey technical indicator ka estamal karna chihay jaisa keh moving average or oscillator Trade with Double Top chart Pattern Double Top chart pattern ko zyada tar forex or equity ke market mein buy ya sell karnay kay ey estamal keya jata hey nechay dey gay chart pattern mein trading analyss deya geya hey jo keh USD/JPY ka chart pattern hey es oper dey gay chart mein aap daikh saktay hein Double top pattern ban raha hey or yeh pattern pehlay oper kay trand kay bad ban raha hey RSI oscillator kay zarey say highlight key gay overbought signal identify ho rahay hein jo keh resistance ke bolande par pohnch jatay hein or es peak kay bad price mein kame aa jate hey jo keh 2 peaks kay darmean mein khasoseyat ko zahair karte hey jo keh prechle peaks kay bad thore dair kay ley resistance level ko break kar dayte hey RSI oscillator kay darmean mein market price kay darmean mein confirmation ko zahair karte hey 2 tarah ke bearish divergence signal ko identify karte hey trader risk management kay ley 1:2 ke ratio fix karta hey