Nifty Price Action Analysis "Double Top"
已更新
Hourly Time Frame Analysis
The above chart of Nifty 50 laid out an Double Top, also known as the trend reversal pattern. A double top is a reversal pattern that is formed after there is an extended move up.
The “tops” are peaks that are formed when the price hits a certain level that can’t be broken(Resistance 17475).
Currently Nifty near to the support level of 17350 .
Let's figure out the probability of Nifty
Probability 1 : Nifty will retest the level of 17350 and then it will give a break above 17450 and then price of Nifty may reach 17600.
Probability 2 : Nifty will break the level of 17350 and then price of Nifty may reach 17230
Comment your ideas in the below comment section
The above chart of Nifty 50 laid out an Double Top, also known as the trend reversal pattern. A double top is a reversal pattern that is formed after there is an extended move up.
The “tops” are peaks that are formed when the price hits a certain level that can’t be broken(Resistance 17475).
Currently Nifty near to the support level of 17350 .
Let's figure out the probability of Nifty
Probability 1 : Nifty will retest the level of 17350 and then it will give a break above 17450 and then price of Nifty may reach 17600.
Probability 2 : Nifty will break the level of 17350 and then price of Nifty may reach 17230
Comment your ideas in the below comment section
注释
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。