double top 2, some info

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  • #181985 quote
    gnellas77
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    hi gentlemen,

    i short with double top pattern and i would like to know when my chances for getting my order filled are better: when the dt pattern is above or below a 200-mov. average. According to me they look the same (50% in each case) but i would like also your opinion according to your experience.

    Thank you!

    #181987 quote
    GraHal
    Participant
    Master

    Logic would say below 200MA for a short, but price action prior to the tops is relevant also as is … how much distance is to the left when price has completed the double top.

    Also what TF we talking about? A double top on a 4 hour TF means more than a double top on  1 min TF.

    Just a few thoughts.

    gnellas77 thanked this post
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double top 2, some info


General Trading: Market Analysis & Manual Trading

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gnellas77 @gnellas77 Participant
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This topic contains 1 reply,
has 2 voices, and was last updated by GraHal
4 years, 2 months ago.

Topic Details
Forum: General Trading: Market Analysis & Manual Trading
Language: English
Started: 11/21/2021
Status: Active
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