Even novice investors also easily identify this is double top,however do not confirm double top until break the confirmation line,for example i give you ADANIPORTS chart,this is look like double top,if you decide to the double top is sell side before the break the confirmation line,you may disappointed because prices close above the double top highs.next the same chart i draw the two trend line,one is slope up another one slope down,the chart pattern is broadening top,after upside b.out from broadening top,prices were consolidated this mean let see the chart,i mentioned point 1, what is consolidation? do not expect price movement straight up,this is like kind of human behavior this mean,imagine you go to run few far distance than you take rest and than again run,so the rest period as calling as consolidation,another one example you decide to jump,you can not jump in point of your standing place,so you come bake some distance than jump,this human behavior similar to stock price movement.
Posted on: Tue, 20 Jan 2015 02:14:05 +0000
Trending Topics
Recently Viewed Topics
© 2015