instagram video by christopher November 18, 2019

christopher posted this video on 11/18/19, 7:31 PM, 145 people liked it and 3 left a comment. Used 30 hashtags, such as msfxtrading , technicals , forexprofit .

Double top candlestick patterns form after a strong price rally or strong bullish conditions. It is easily identifiable because the double top pattern looks like two mountain peaks that form an ‘M’ shape on the chart. The two peaks will generally be reacting with some strong resistance in the market, demonstrating that the bulls can’t penetrate that level. The initial bullish wave hits the resistance and bounces straight off it, finding support after a market retracement. Bulls eventually pick up steam again to push the market back into higher prices where the market retests the resistance level. The bulls don’t have enough strength to break through the resistance, and price bounces straight off it again, creating the second peak. A double top pattern is a classic sign of bullish exhaustion. The double top candlestick pattern generally signals the market is about to tip over. The containment line for the double top candlestick pattern is called the ‘neckline’, and this is where the market found support after the first peak. The standard way to trade a double top candlestick pattern is to wait for the second peak to form and then short price breaks below the neckline. But as the saying goes, “there is more than one way to skin a cat”. If you want to learn how to trade the market the right way, i highly recommend you to join my course"the supply and demand trading method" click on the link in bio or send me a private message if you are interested . #msfxtrading #technicals #forexprofit #daytraderlife #forexeducation #forexeducation #forexgroup #forexmoney #forexanalysis #forextraders #forextraining #forexmentor #forex #forextrading #trading #pips #forextrader #forextraders #forexlife #forexlifestyle #swingtrader #swingtrading #daytrader #daytrading #traderlife #traderlifestyle #technicalanalysis #forexsignals #forexsignal #fxsignals


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