Adam and EVE formation on a 15min time frame.

Adam and Eve is nothing but a Double Top Formation, where Adam is a sharp move whereas Eve is rounding top. EVE-EVE is one of the best formations at the top.

At the current level, the price is trading below the Fast and Slow EMA indicating a short-term negative trend.

 Price trading below 15110 would be a point of action. A price closing below the mentioned level for 15min will be an indicating an entry on the short side.

 Momentum Indicator MACD, Macd line has crossed the Signal Line from above indicating the trend is negative.

Hence based on the above technical formation, one can enter short if the price closes below the mentioned level.

Adam And Eve Formation

Jul 02 2023