Double Top Exhaustion Patterns Just Highlighting something.
The pattern seen in the blue boxes is my most profitable trade confirmation ideas.
Wait for the formation to break with a double top. Exhaustion wicks to the. upside and enter on the retest. More often than not it retest and stops above the double top which is not too far off so stops can usually be tight. This is just an example on the daily but in this thread I will highlight other similar patterns on the lower time frames. Heavily reliant on support resistance and I rarely trade-off trend lines
But I am expecting gold to have one more push up before trend reversal so I am looking for exhaustion candlesticks with wicks to look for nice entries.
If anyone knows what this is called. I am assuming it is just a double top.
Wait for the formation to break with a double top. Exhaustion wicks to the. upside and enter on the retest. More often than not it retest and stops above the double top which is not too far off so stops can usually be tight. This is just an example on the daily but in this thread I will highlight other similar patterns on the lower time frames. Heavily reliant on support resistance and I rarely trade-off trend lines
But I am expecting gold to have one more push up before trend reversal so I am looking for exhaustion candlesticks with wicks to look for nice entries.
If anyone knows what this is called. I am assuming it is just a double top.
Nota
Here is a live example of a GU trade that I am in. Short term to the upside. I have the chart inverted because I am better at seeing these patterns when it is inverted. i.e I am better at selling. But this is a buy in actuallity.
Nota
Waiting for confimations on XAUUSD
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.