double top 2, some info

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  • #181985 Report

    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 Report

    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.

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