DOUBLE TOP

KUNAL KAMBLE
NETH25
·
Aug 18 2022
snapshot
NETH25

The Index has formed a Double Top pattern. A double top is a reversal pattern. Breakout in the pair will be an opportunity to sell.

Selling the Index after breakout with the Index closing below the EMA would be a confirmation.
Adx is strengthening the downward movementem DMI- is trading above DMI+ indicating negative direction.

Advice : Sell on breakout