Discover and read the best of Twitter Threads about #doubletop

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Important chart pattern in technical analysis . If we go towards lower TF to higher TF the success rate of that patterns increases
#techicalanalysis (weekend learning)


Double top has 70% success rate , it normally formed when stock at their peak

@sanstocktrader Image

Double bottom is just opposite of double top . Its success rate also 70% according to technical boys , it is normally formed when price is rejected to go lower from previous low

@PAVLeader Image

Cup&handle pattern is also very popular pattern that normally formed when stock normally got corrected & again come to same level .its success rate also good 60%.

@rohanshah619 Image
Read 8 tweets
Dear Friends,

Added the below patterns to the system.

If u want to get alerts to your email then just favorite that pattern so u willl get email notifications on EOD basis.

Go to scans > Chart Patterns… Image
A double top is an extremely bearish technical reversal pattern that forms after an asset reaches a high price two consecutive times with a moderate decline between the two highs. ImageImage
- double bottom is the end formation in a declining market. 
- The pattern is formed by two price minima separated by local peak defining the neck line. ImageImage
Read 3 tweets
Analysis: #NYSE $SBGL

Case 51 #Sibanye Gold Ltd ADR

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

Thread 👇👇👇

#SBGL 1/5
Sibanye Gold got hammered in 2016 and turned bearish but 2019 has seen this #stock climb steadily.

SBGL 2/5
Chart 1
Monthly Chart: Price failed to close below the monthly Fib. 0.942 but had been underpinned by the SMA 20 for the last 2 years. But by Feb. 2019 price managed to close above both pivot resistance and SMA 20. Currently trades just below the synthetic resistance.

SBGL 3/5
Read 5 tweets

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