Double top pattern

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.

Re: Double top pattern

Walaikumu Salam! Dear trader apna ""Double Top Chart Pattern"" per trading k related bhot acha knowledge share kia ha. Man b apka sath is important pattern per trading k related apna knowledge share kerta hun. Umeed ha k ap sab members ko is important pattern sa trading man faida hoga.

Forex trading man trader currency pairs aur commodities ki price movements ko smajhna k liye price chart ko read kerta ha. Q k price chart patterns man changes, momentum aur price k trend man change ko accuracy k sath identify kerta ha. Candlestick Patterns currency pairs aur commodities k price chart man market price ki movement ko track kerna k liye use hona wala most important technical tool ha, jo trader ko safe trade entry aur trade exit levels ko identify kerta ha. Forex trading man trader kisi b currency pair ya commodity ko buy/sell kerna k liye candlestick patterns per depend kerta ha.

Double Top Chart Pattern:

Double Top Chart Pattern ak bearish trend reversal chart pattern ha, jo currency pairs aur commodities k price chart man long bullish trend k top per banta ha. Is pattern man long bullish trend k bd buyers weak hota han aur sellers entry le ker price taqreban same level k Tops banata han aur pher price long down trend man jati ha.

Identification of Double Top Chart Pattern in Price Chart:

Double Top Chart Pattern man price oper ja rahe hoti ha aur sellers entry leta han aur price ko nicha le ata han lakin buyers dobara entry leta han aur price ko same level tum oper le jata han. Second time sellers entry leta han aur price ko long time k liye price fall kerti ha.

Neckline in Double Top Chart Pattern:

Double Top Chart Pattern man dono price k top same price level sa start hota han, ager in start point ko trend line sa jora jae to is line ko ""Neckline"" kehta han. Double Top Chart Pattern complete hona per Neckline ko break kerti ha.

Trading with Double Top Chart Pattern:

Double Top Chart Pattern per trading k liye zarori ha k price neckline ko break kara, jab price second top sa nicha ja ker Neckline per ati ha aur candle ka close Neckline sa nicha de to is sa breakout ki confirmation ho jati ha. Trader ko Double Top Chart Pattern per trading k liye price ka neckline ko re-test kerna ki confirmation kerni chaheye aur confirmation k bad trader ko sell ki trade active kerni chaheye.

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Stoploss and Take Profit:

Double Top Chart Pattern per trading k doran trader ko stoploss right top per place karen aur Take Profit ko neckline aur Top k dermiyan distance k baraber nicha place kerna chaheye.
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