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Shree Pushkar- double bottoming?

Discussion in 'Technical Analysis' started by bhat64, May 20, 2018.

  1. bhat64

    bhat64 Apprentice

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    Frens, I am reading John Murphy’s book on Tech Analysis. I am trying to appreciate TA although I am a FA! Please share feedback on this chart pattern. IMG_2341.JPG IMG_2341.JPG

    Image1526818819.026581.jpg


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    bhat64, May 20, 2018
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  2. bhat64

    bhat64 Apprentice

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    bhat64, May 20, 2018
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  3. rcube1972

    rcube1972 Member

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    Price is falling since January but downtrend has begun only in April, after half of the pattern has been formed. So I have doubt whether this pattern, in this case, means reversal.
     
    rcube1972, May 20, 2018
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  4. shabbir

    shabbir Administrator Staff Member

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    Double bottom is a reversal pattern and it is on.
     
    shabbir, May 21, 2018
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