Double top chart pattern.

Hello traders hope you all are doing good.
dear members jesa k ap janty hain k hm ny chart patterns ki 1 series start ki thi or main phly apni posts main bta chuka hun chart patterns kia hoty hain or inko kaisy istmala kia jata h.
agr ap ny meri pchli posts ni dekhi to ohly unko go through kar len or phr aj hun shro karty hain Double Top chart pattern.


What is Double Top Chart Pattern?
Dear members double top chart pattern 1 technical pattern ha or ye 1 bearish pattern ha.ye us situation main banta ha jb market up trend main hoti ha to wo 1 resistence point se takra k nechy ati hai or 1 support se tkra k opr jati ha phr wps usi jagha aati ha jahan se last time resit hovi thi or phr wahen se nechy girti ha estrha 1 M shape banti ha jsko double top kaha jati ha or phr market es M ki height k equal nechy jati ha.es pattern main traders ko achi entry milti ha.



Neckline. Double tob k drmyan jo 1 low hota ha jesa k M k drmyan main hota es low ko neck line kaha jata or agr market esko break kry to ye confirmation hoti ha sell ki.

How to trade double top?
Dear members agr ap double top chart pattern ko trade karna chahty hain to apko chahye k ap wait karen breakout ka or us se b bhtr ha k break out ki confirmation py trade len.

Breakout. Breakout tb hota ha jb market double top ki neckline ki neck line se bhi nechy jati ha.

confirmation. Break ki confirmation ye hoti ha k market neckline k nechy km se km hourly candle close kary or phr thora nechy ja k neckline ko retest kary to es retest py entry le skty hain or es trha apka stop loss neckline tk ya us se thora opr ho ga.



Note.Please use proper risk and money management while trading Forex.

Re: Double top chart pattern.

Assalam Alaikum!
Dear Friends, umeed ha k ap sab kheriat sa hon ga aur forex sa ak acha gain hasil ker raha hon ha Dear friends aj man apka sath bhot important chart pattern per apna knowledge share kerta hon

Importance of Chart Pattern:
Forex market man trader price ki movement ko smajhna k liye price chart read kerta ha Price Chart price ki movement ko accuracy k sath identify kerta ha Price chart man technical analysis k doran trade entry aur trade exit ko identify kerna wala technical tools man chart pattern bhot zayada accuracy rukhta han Aj man apka sath""Double Top Chart Pattern"" k bara man apna knowledge share kerta hon

Double Top Chart Pattern:
Double Top Chart Pattern man market price 2 same level k price top banati han lakin buyers man zayada power na hona ki waja sa price bar bar nicha gir jati ha aur sellers market per control hasil ker leta han Dono top ak same price level sa start hoti han Ager dono tops k start ko ak trend line sa jora jae to is line ko "Neckline" kehta han Double Top Chart Pattern per trading k liye "Neckline" bhot important ha


Trading with Double Chart Pattern:
Double Top Chart Pattern per trading k liye trader price ka ""Neckline"" ko nicha ki taraf breakout ka wait kerta ha. Ager price double top banana k bad nicha "Neckline" pwr ati han aur price Neckline sa nicha candle ka close de to is sa breakout confirm ho jata ha Lakin trade active kerna k lige trader ko price ka Neckline ko retest kerna ka wait kerna chaheye. Jasa price retest kara to is per trader ko ""Sell ki Trade"" active kerni chaheye. Is pattern man account ko safe rukhna k liye Stoploss ko price k last high sa 6 pips oper place karen aur Take Profit ko Price k top sa neckline tak k diatance k baraber nicha place karen

Re: Double top chart pattern.

Dear friend hamen forex market mein double top chart pattern ke about achcha idea hona chahie kyunki hamen agar double top ka pata hoga to hamen market mein main acche entry point oar exit point ke about bhi achcha idea ho jata hai jisse Ham apne trading ko successful banaa sakte hainDouble top chart pattern:


Ek double top extremely bearish ka technical reversal pattern hota hai jo kisi asset ke musalsal two times high price per pahunchne ke bad banta hai jismein two peaks ky drmian mamoli kami hoti ha jb asset ki price below ya equal fall hoti ha.
double top bearish technical reversal pattern hai is ko find karna itna aasan nahin hota jitna Koi sochta hai kyunki support ke niche break ky sath confirmation ki zrort hoti ha.


Understanding of Double top Chart pattern:
double top chart pattern ki type hai jo is baat ko indicate karti hai ki prevailing trend reverse hai , short hai ya long term hai. bullish market ke end pr mostly double top pattern banta hai price formation two peaks ki tarah lagti hai Jo ek dusre ke bad bnti han.
Double top pattern main market ke andar 2 hight point hoty han jo any waly bearish reversal single ki identify karte hain price main two high point men measured decline occure hoti ha to hai price mein resistance show karti hai first peak ky ek part ko again hasil karne ke bad market again first peak ki ek ek hight ki taraf move karti hai isliye market ki strength kam hoti chali jaati hai.
Slow moving ka ek sbot RSI jasy oscillator pr pechy rehny wali peak ky zrye kia jata hai agar chahe iski jarurat nahin Hoti lekin market first peak pr tot skti ha chahy wo short he q na ho.

How to Identify Double top chart pattern:

Identify the two distinct peaks of similar width and height

Distance between peaks should not be too small - time frame dependent
Confirm neckline/support price level
Use other technical indicators to support double top bearish signal, such as moving averages and oscillator.