About this image :-
In this image you can see that the double top pattern is form and than market some time consolidate and after than falling start so in this post we read all things about this. Welcome to this post now keep learning and careful learning.
What is double top pattern :-
When price form two top that means price reached two times in top that is called double top pattern.
But this is only definition only for reading not for trading if you want to trade in live market or you want to make good profit than must you try to focus on live market.
How to work double top pattern :-
Its work is very simple when price form two times top and after some time price consolidate and than make some trap and also make some bearish pattern after making trap and start falling after formation of bearish pattern.
This is a perfect sequencing of work of double top pattern. If you want to trade using double top pattern than you must focus on this process.
How to find double top pattern :-
If you find double top pattern than you can follow these steps :-
First step is open your top 500 stock’s chart
Second step is start seeing of chart and find like our post type of chart that means find two tops
Third step is when you find this pattern than mark it
Fourth step is focus on these charts daily
Fifth step is according to your price action you can trade
These are only five steps with the help of these you can find easily double top pattern.
What is the process of finding real double top :-
There a lots of process for finding real double top pattern. Here we use a word that word is real that means we talk about real.
The real meaning by original and if you are a trade than also you face some problem like pattern form bearish and market start behave like bullish. This problem is called trap of false pattern.
I hope you can identify why we use real word its means real word is true pattern.
Here these are some steps with the help of this you can find real double top pattern.
Step 1 is mark your pattern
Step 2 is focus on this pattern and focus means watch and see this chart
Step 3 is wait for any big movement
Step 4 is golden point and the point is don’t trade on the first breakout
Step 5 is when any movement is take place than see price action
Step 6 is if movement is big than wait otherwise you can skip this trade
Step 7 is if movement and price action both are same direction than
Step 8 is measure your stop loss if stop loss is your range than
Step 9 is one more time see without any indicator and see long time chart like 1D and12M
Step 10 is if obey this rules than you can trade.
How to avoid false trade :-
If you want to avoid false trade than first to first read our all 10 steps and than focus on these steps because if you follow these step than you can easily avoid false trade.
The golden rule is always try to remember and also when big movement is form and may be this movement is false.
This way we can avoid false trade in your trading life.
How to trade using double top pattern :-
The double top pattern is bearish pattern not a bullish pattern so focus on sell side.
If you want to trade using this pattern than first to first wait for any movement and when any movement is take place than with the help of price action or candle sticks pattern you can easily trade on double top pattern.
This way you can easily trade using double top pattern.
May I buy using double top pattern :-
No, you can’t buy using double top pattern. Because it is a bearish pattern and I hope you know when bearish pattern is form than you can sell only if you buy than maximum chance is you have to book losses.
When we can sell using double top pattern :-
If you want to sell using double top pattern than first to first wait for formation of double top pattern.
When our double top pattern is form than wait for price action and any big movement.
When our movement is take place than your first work is match your movement with price action.
If movement and price action both are in same direction than
Our work is measure stop loss if our stoploss is our range than
We can sell using double top pattern.
This is the real and practical process of selling with the help of double top pattern.
What is the result of double top pattern :-
If you want to see the result of double top pattern than you can take help of Google and search this title there are lots of image in front of you and there you can see.
In this post image you can see there are also a live example of double top pattern you can see we take trade using double top pattern and it is a profitable trade you can see in our post image.
This is the result of double top pattern. And also this pattern is good as well as profitable.
What is the learning of this post :-
There are lots of learning of this post you can learn step by stop
The first learning is what is double top pattern.
The second learning of this post is how to work double top pattern.
The third learning is how to find double top pattern.
The fourth learning is what is the process of finding real double top pattern.
The fifth learning is How to avoid false trade.
The sixth learning is How to trade using double top pattern.
The seventh learning is May I buy using double top pattern.
The eighth learning is Our Golden point for trade you can learn it.
The nineth learning is when we can sell using double top pattern.
The tenth learning is What is the result of double top pattern and it is profitable or not.
These are whole learning of this post you can learning these topics using our post.
This is not only for learning, this is a process of making money using trading.
