Technical analysis by srtaybillioglu about Symbol PAXG on 6/25/2024

The double top and bottom formation is a frequently used formation structure that shows trend reversals. It is possible to see this formation in all binary parities. The effect of these formations on the price is the same. However, the movement can be upward or downward. For example; If a double top formation occurs in this chart we are examining, the price will move downwards for the "LENGTH OF THE CHANNEL" upon the confirmation of the formation, while if a double bottom formation occurs, the price will move upwards for the length of the "LENGTH OF THE CHANNEL". The easiest way to find these formations is to look for the letters "M" and "W" on the charts. The double top formation occurs at or at the beginning of a BEAR market. This formation, formed by market makers and their movements, drags the sellers after it. With the confirmation of the formation, sales increase in strength. The double bottom formation occurs at or at the beginning of a BULL market. This formation, formed by market makers and their movements, increases purchasing transactions. With the confirmation of the formation, the purchases become stronger. Features of the double bottom and top formation: In both formations, there is a top or bottom formation in the price at the same level. In both formations, the trend is expected to change direction. Bottom Not : No one can guarantee that the formations will work 100%. Confirmation, risk/reward and margin controls must be made in all formations. Double bottom and top formations should be determined and interpreted according to market conditions. "None of the visual and written descriptions are investment advice. You bear all legal responsibilities for your investment decisions. Any graphics, drawings and explanations on this page are not within the scope of investment consultancy. Investment consultancy services are offered individually by organizations authorized by the CMB, taking into account people's risk and return preferences. This account does not share advice or comments that guide buying/selling any asset, but only shares charts for the purpose of technical analysis education. "Since these posts are not recommendations or comments for buying/selling, they are not recommended for use on a real account."