What is Double Top patrren ? Explain

What is Double Top patrren ? Explain

Kise he ap sab log me bilkul thek or khariyat see ho or umeed karta ho ke ap sab log bhi bilkul thek or khariyat see ho get aj is thread me apko me Pakistan forex Trading ke ak bhot he important topic double top candlestick pattern keep bare me btao ga . What is Double Top patrren? Double top pattern ek technical analysis tool hai jo market share ya anya financial instruments jaise ki currencies, bonds, aur commodities ke liye istemaal kiya jata hai. Is pattern se ek stock ke price ke movement ke baare mein jaankaari prapt ki jaa sakti hai aur future mein us stock ke price ke baare mein estimate kiya ja sakta hai. Double top pattern ek bear reversal pattern hai, iska matlab hai ki stock price me downtrend hone ke chance jyada hai. double top pattern ka naam isliye hai kyunki ismein do top (height) hote hain, jinhein aam taur par 'double top' kehte hain. Ye pattern tab dikhta hai jab ek stock ke price chart par ek bullish trend (uptrend) hota hai aur usmein ek certain level tak pahunchne ke baad price downtrend (downtrend) mein convert hone lagta hai. Jab price do baar ek certain level tak pahunchta hai, aur uske baad phir downtrend start hota hai, toh use double top pattern mana jaata hai. Explanation; Double top pattern ke liye, price chart par pehle ek uptrend ki movement dekhni hoti hai jahan price higher high and higher low formation banata hai. Jab price ek certain level tak pahunch jaata hai, toh price downtrend ki movement start kar deta hai aur ek support level create kar leta hai. Jab price support level se rebound card hai aur phir se usi level tak pahunchta hai, toh ye ek 'top' create card hai. Jab price phir se downtrend ki movement shuru karta hai aur support level ko breach kar deta hai, toh ye ek bearish signal hai. Jab price phir se support level so rebound karta hai, toh ye ek opportunity hota hai ki humne ek double top pattern ka formation dekha hai. Double top pattern ko confirm karne ke liye, price ko support level se neeche so break karna hota hai. Jab price support level ko violation kar deta hai, toh ye ek sell signal hota hai aur investors ko stock ko bechne ki salah di jaati hai.Double top pattern ki strength uske duration decide hoti hai. Agar ek double top pattern kuch din ya ek hafte tak exist karta hai, toh uski strength kam hoti hai aur bear reversal ka probability bhi kam hota hai. Lekin agar double top pattern ek mahine ya usse jyada time tak exist karta hai, toh uska bearish reversal potential jyada hota hai.