Browsing articles from "April, 2013"
Apr
6
2013

Trading a double top pattern:

Technical analysis

Double top pattern is one of the trend reversal patterns which indicate that the prevailing uptrend has come to an end and signals a downtrend. It is formed when an uptrend reaches towards its end. The pattern is characterized by two peaks formed approximately at similar height. It is formed when the price level of the security tests the resistance level twice and then breaks down the support level to start a new downtrend. The […]

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