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Technical analysis by Bazoosam about Symbol ZIL on 7/13/2023

https://sahmeto.com/message/3358500
Bazoosam
Bazoosam
Rank: 9058
1.6

HOW TO TRADE A DOUBLE TOP PATTERN

Neutral
Price at Publish Time:
$0.020902
،Technical،Bazoosam

Hi, I have a question about the double top. Assuming as an example that the neckline of a double top is at a price of 50. This is broken by a candlestick where its spike closes at 48 but its body remains at 51. Now, the question is: does the pattern break happen when a candle closes below 50 or does it have to go above 48 as well having created a new support there? We are talking totally about technical analysis, nothing more. Ty everyone.

Source Message: TradingView
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