The RSI must first transcend the overbought region (70), then fall below it, followed by another surpass above but below the first surpass, and lastly a dip below the overbought area (70).
A bearish reversal trading pattern is a double top. The neckline is made up of two peaks that rise above a support level. After a strong bullish trend, the initial high will occur, followed by a retracement to the neckline.
A double top is a reversal pattern that appears after a prolonged uptrend. The "tops" are peaks generated when the price reaches a level that cannot be breached. The price will bounce off this level slightly after touching it, but then return to test it again.
A double bottom pattern, like many other chart patterns, is best suited for examining a market's intermediate- to longer-term outlook. In general, the longer the time between the pattern's two lows, the more likely the chart pattern will be effective.
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A
Amir Tufail
5
So it's mean that Trends are 3 types : i) Bullish (ii) Barresh (iii) Siteway
And Traders are i) position trader (ii) Swing Trader (iii) Day trader (iv) Scalper Trader
B
Bhimani Nirbhay
5
good l
M
Mohd Abdullah
4
Nice
A
Akash Kumar
5
NA
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Bhupendra Yadav
5
Sir Its Very Ausome Course And Your Tecnic Is Very For Teaching
D
Deepanshu Singh
5
Best Technical Analysis Course....
M
md arman
5
i watch this 4,5 times but really i don't understand the topic.
P
Parshuram Bagade
5
Very nice explaination about stock market
S
Subham Kumar sahu
5
Option trading course
P
Prasoon Dixit
5
As we know in fundamental basics we need to follow the two approaches 1 top-down approach 2nd Bottom-up approach.Kindly give some examples of bottom-up approach and top-down approach,(Discussion box?)
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