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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)
#doubletop
Double top has 70% success rate , it normally formed when stock at their peak
@sanstocktrader
#techicalanalysis (weekend learning)
#doubletop
Double top has 70% success rate , it normally formed when stock at their peak
@sanstocktrader
#Doublebottom
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
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
#cupandhandle
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
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
Dear Friends,
#Announcement
Added the below patterns to the system.
#DoubleTop
#DoubleBottom
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
ssstockalerts.in/stocks/view/#/…
#Announcement
Added the below patterns to the system.
#DoubleTop
#DoubleBottom
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
ssstockalerts.in/stocks/view/#/…
#DoubleTop
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.
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.
#DoubleBottom
- 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.
- 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.
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
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
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
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
