Contact Us

 

Contact Us

If you have any query regrading Site, Advertisement and any other issue, please feel free to contact at bullspower18@gmail.com

Comments

Post a Comment

Popular posts from this blog

DOUBLE TOP PATTERN

Image
  What Is a Double Top Pattern? A double top is an extremely bearish technical reversal pattern that forms after price reaches a high price two consecutive times with a moderate decline between the two highs. It is confirmed once the price falls below a support level equal to the low between the two prior highs. What do Double Tops and Double Bottoms tell?  A double top and double bottom pattern indicates possible trend reversal to the traders. Like other technical indicators and chart patterns, the double top and double bottom patterns do not indicate certain trend reversals. Traders should always use the chart patterns with other indicators such as volume for confirming the reversal before taking a position. Trading with Double Top:  There are certain rules when trading with Double Top  patterns.   Firstly one should see the market phase whether it is up or down. As the double top is formed at the end of an uptrend, the prior trend should be...
Read more

DOUBLE BOTTOM PATTERN

Image
A double bottom pattern is a technical analysis charting pattern that describes a change in trend and a momentum reversal from prior leading price action. It describes the drop of a stock , a rebound, another drop to the same or similar level as the original drop, and finally another rebound. The double bottom looks like the letter W . The twice-touched low is considered a support level.    How to.indentify the double top.pattern ? Guide to identifying the double bottom pattern on a chart. Identify the two distinct bottoms of similar width and height  Distance between bottoms should not be too small - time frame dependent Confirm neckline/resistance price level Use other technical indicators to support double bottom bullish signal such as moving averages Be wary of trading against strong trends
Read more

TRIPLE TOP PATTERN

Image
  The triple top is a type of chart pattern used in technical analysis to predict the reversal in the movement of price. Consisting of three peaks, a triple top signals that the price may no longer be rallying, and that lower prices may be on the way.   Triple tops may occur on all time frames, but in order for the pattern to be considered a triple top, it must occur after an uptrend. The opposite of a triple is a triple bottom, which indicates thevprice is no longer falling and could head higher.     The triple top pattern occurs when the price  creates three peaks at nearly the same price level. The area of the peaks is resistance. The pullbacks between the peaks are called the swing low.After the third peak, if the price falls below the swing lows, the pattern is considered complete and traders watch for a further move to the downside.
Read more