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Double top

1. Introduction

Double Top is a bearish pattern, and the two tops are roughly on the same horizontal line. This pattern indicates that there may be a top reversal.

2. Feature

2.1 The two tops are roughly on the same horizontal line.

2.2 The two tops need to be separated by a certain time range.

2.3 The price has recently broken downward through the neckline.

3. Example

MLP has a Double Top Pattern on June 18, 2021.

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福气财经

Apr 13 04:19

Are Tesla, NVIDIA, and PLTR about to rebound? The pause in the trade war has led to a surge in the US stock market on Friday, resembling insider trading and pre-positioning, with relevant Funds buying a large number of Call Options before the market close, indicating potential Bullish signals, and weekly signs of dawn beginning to appear. Has the rebound started?

$Tesla (TSLA.US)$youtube.com/@FO...
youtu.be/IKJi9D...
1. First, the Large Cap rose by 2.06% to close; this week Fibonacci 34 just happens on April 7; a rebound is starting; the chances of going upward next week are significant!
The Dawn is literally defined as a potential cessation of a downtrend, representing a reversal pattern that indicates a bottoming out and recovery. Characteristics: (1) The "Dawn" generally appears during a downtrend. (2) It starts with a large bearish or moderate bearish candlestick, with the next day's stock price sharply breaking below the previous day's lowest point, but soon the market pushes the stock price back up, forming a large bullish or moderate bullish candlestick, where the closing price of the bullish candlestick penetrates deeply into the body of the first bearish candlestick, almost reaching the halfway point. The body of the second candlestick should exceed more than half of the body of the bearish candlestick to be significant, and the longer the body, the more likely it is to be a Dawn.
2. TSLA's weekly chart stands above the Trendlines and 9+1 is not simple, after the Engulfing Pattern a small star appears, and once again the 'blue butterfly' head and shoulders bottom emerges, RSI is fighting back;
youtube.com/@FO...
NVDA
The current stock price is 110.930, the Resistance is 112.252, with strong pressure, a large volume is needed for an effective breakout.