DOUBLE TOP

Launch Chart
KUNAL KAMBLE
HK50
·
Sep 13 2022
snapshot
HK50

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 pair after breakout with the pair closing below the EMA would be a confirmation.
Divergence is seen between price and RSI indicating the move on the upside is not been supported by RSI

Advice : Sell on breakout