double top & double bottom chart pattern

Double top & Double Bottom Chart Pattern

Assalam alaikum

• dear members umeed ha ap sb khairiat se hn gy or apka trading week bahut acha gaya ho ga.
• dear members aj ki post main hum 2 reversal chart patterns ko study karen gy aik pattern bullish reversal ha or dosra bearish reversal ha or hum dekhen gy k in patterns ko kesy trade kia jay.

What is Double Top pattern?

• Dear members esko double top es lye kaha jata ha k es main market 2 high aik jaga py bnati ha jinko top kaha jata ha.
• or ye aik bearish reversal pattern ha mtlb k es k bad market ka trend bullish se reverse ho k bearish ho jata ha.

How it is formed?

• dear members bearish trend k end main market aik resistance se takra k nechy ati ha or aik support line se tkra kr wapis usi resistance py jati ha.
• estrha aik hi resistance py market 2 bar high bnati ha jski waja se 2 tops banti hain es main.
• or jahan nechy ja k support lyti ha markt us support line ko neckline kaha jata ha.

• es main trade leny k lye hamen es pattern k complete hony or neckline k breakout ka wait karna chahye or breakout ki confirmation k bad sell ki trade lyni chahye.

Breakout Of neckline:

• Dear members jb market neckline ko cross kr k nechy ki trf jati ha to esko hum neckline ka breakout khty hain or es ki confirmation k bad hum es main sell ki trade lyty hain.
• es ki confirmation ye hoti ha k js time frame main ye pattern banta ha usi main market neckline k nechy candle close kary.

• es main trade karty hovy hmara stop loss neckline ya us se opr hota ha jb k take profit neckline or double top k darmayan height k equal nechy ki taraf hota ha.

What is Double Bottom pattern?

• Dear members ye pattern bearish trend k end main banta ha or ye bullish reversal pattern ha es k bad market ka trend reverse ho k bullish ho jata ha.
• esko double bottom es lye kaha jata ha k market es main aik hi support py 2 lows bnati ha.

How it is Formed? bearish trend k end main market aik support se takra k low bna k opr ki taraf jati ha or aik resistance se takra k wapis previous support py ati ha or 2nd low bnati ha jski wja se ye double top bnta ha kr wahan se wapis previous resistace ki taraf chli jati ha or es resistanve line ko neckline kaha jata ha

• es main trade lyny k lye hum neckline k braekout ka wait karty hain or breakout k bad confirmation k bad trade lyty hain buy ki.

Breakout of neckline:

• jb market neckline se bhr nkl jati ha to esko neckline ka breakout kaha jata ha or eski confirmation ye hoti ha k market es k bhr candle ki closing dy it confirmation k bad es main buy ki trade li jati ha.

• es main hmara stoploss neckline se nechy hota ha jb k profit target neckline or double bottom k darmayan height k equal opr ki trf hota ha.