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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Digvijay Dattatray Pawale
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Good
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Amir Tufail
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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
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Bhimani Nirbhay
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good l
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Mohd Abdullah
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Nice
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Akash Kumar
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NA
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Bhupendra Yadav
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Sir Its Very Ausome Course And Your Tecnic Is Very For Teaching
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Deepanshu Singh
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Best Technical Analysis Course....
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md arman
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i watch this 4,5 times but really i don't understand the topic.
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