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.
Learner's Ratings
4.5
Overall Rating
76%
7%
12%
0%
5%
Reviews
S
Sumit Chaudhary
5
Easy to understand the charts 📉
S
Sujeet Vishnu Chavan
5
Wow✌️
S
SUBHASH KUMAR YADAV
5
It's amazing course. 👏 thank you 😊
M
MD ARMAN ANSARI
5
Please give a course on option training and mutual fund
S
Sitesh Marndi
5
superb guidance but i feel that more assignments for students will help them to engaged.
S
Sitesh Marndi
5
superb guidance but i feel that more assignments for students will help them to engaged.
T
Trishubh Saini
5
please give a course on option training
U
Uttam Sahu
5
0ption trending par class do sir
H
Harshit pandey
5
Plz sir option treding course la do 🙏
Plz sir option treding course la do 🙏
Plz sir option treding course la do 🙏
Plz sir option treding course la do 🙏
Plz sir option treding course la do 🙏
Plz sir option treding course la do 🙏
Share a personalized message with your friends.