Blog Posts - Double-top



S&P 500 and FTSE 100 charts (Dec 16 '16): bulls pause to catch their breath

S&P 500 index chart patternThe following remarks appeared in last week's post on the daily bar chart pattern of S&P 500: "... all three daily technical indicators are inside their overbought zones. Another corrective move may be in the o...

S&P 500 and FTSE 100 charts (Aug 26 '16): bears trying to get on top

S&P 500 index chart patternNegative divergences visible on technical indicators in last week's post on the daily bar chart pattern of S&P 500 had hinted at a correction.The index touched a slightly lower top of 2193 on Tue. Aug 23 and formed...

Gold and Silver charts: correcting after sharp BrExit rallies

Gold chart patternThe daily bar chart pattern of Gold formed a small 'double top' reversal pattern just below 1380, and started a correction that is receiving support from its 20 day EMA and the 1320 level.All three EMAs are rising, and gold's p...

Stock Index Chart Patterns: S&P 500 and FTSE 100 - Jun 10, 2016

S&P 500 index chartThe daily bar chart pattern of S&P 500 defied bears by negating the possibility of a 'double top' reversal pattern formation and rose to touch an 11 months high of 2120 on Wed. Jun 8.Bears fought back, raising concerns...

Stock Index Chart Patterns: S&P 500 and FTSE 100 - Jun 03, 2016

S&P 500 index chartIn a holiday-curtailed trading week, the daily bar chart pattern of S&P 500 consolidated sideways within a 20 points range - touching a lower top of 2105 on Jun 2 and ending absolutely flat on a weekly closing basis.Al...

Nifty chart: a midweek update (May 04 '16)

India's manufacturing PMI dropped to 50.5 in April against 52.4 in March, but showed the 4th straight month of growth (as the number was above 50). Sales of cars, vans and UVs grew 12% in April on a YoY basis. Maruti, Hyundai, M&M, Tata Moto...

Stock Index Chart Patterns: S&P 500 and FTSE 100 – Apr 29, 2016

S&P 500 index chartThe daily bar chart pattern of S&P 500 continued its correction from the Apr 20 top of 2111. The index slipped below 2080 on Mon. Apr 25, but bounced up to the 2100 level on Wed. Apr 27.Profit booking on the last two d...

WTI and Brent Crude Oil charts: an update

WTI Crude Oil chartThe following remark was made in the previous post on the daily bar chart pattern of WTI Crude oil: "Even if oil's price crosses above its 200 day EMA, the strong resistance zone between 42-44 will be more difficult to overcom...

Stock Chart Pattern - Cummins India (An Update)

The previous post was written more than 3 years ago, when the Rs 2 face value stock had soared past the Rs 500 mark. It subsequently corrected with the broader market and closed at a low of 374 in Aug '13.A spectacular bull rally followed. After...

WTI and Brent Crude Oil charts: bear market rallies flounder

WTI Crude chartThe daily bar chart pattern of WTI Crude oil crossed above the falling 20 day EMA with strong volume support and touched an intra-day high of 35 on Jan 29. The falling 50 day EMA proved to be a strong resistance. Oil's price...

Gold and Silver charts: bear market rallies from Dec '15 lows coming to an end?

Gold chart patternA two months long bear market rally on the daily bar chart pattern of gold, triggered by sell-off in global stock markets and plummeting oil prices, may be coming to an end.Gold's price have gained more than 5% during Jan '16 after...

Stock Chart Pattern - Infosys Ltd. (An update)

Bobby Hebb wrote the song 'Sunny' within 48 hours of a double tragedy on Nov 22, 1963. That was the day popular and charismatic US President John Kennedy was assassinated - and Bobby's elder brother was stabbed to death outside a Nashville night...

Double Top USDJPY

Ya… Sesuai dengan judul di atas, pair USDJPY di tanggal 18 Februari dan 21 Februari 2014 membentuk dua puncak (double top di harga 102.82. Ini membuktikan bahwa pada kondisi ini tekanan kuat untuk terjadi pembalikan arah (reversal) SANGAT KUAT.
by Web Support VSI Bisnis on Dec 25, 2015

Nifty chart: a mid-week update (Oct 21 ‘15)

The daily bar chart pattern of Nifty formed an ‘inverse head and shoulders’ reversal pattern and broke out upwards to completely fill the ‘measuring gap’ that had formed on the chart on Mon. Aug 24 ‘15. The 20 day EMA has just crossed abov...

Gold and Silver charts: bear market rallies flatter to deceive

Gold chart pattern The daily bar chart pattern of gold rallied past its 20 day and 50 day EMAs to touch an intra-day high of 1170 on Mon. Aug 24 – but failed to test resistance from its falling 200 day EMA and formed a ‘reversal day’ (highe...

Technical updates – Jagran Prakashan and Navneet Education

The printing and publishing industry rarely gets a second look from most small investors. The reason is simple. Newspapers and children’s school books and stationery do not fall under the preferred ‘exciting’ or ‘high tech’ categories. Sav...

Should you look at stocks from the Consumer Durables sector?

The short answer to the question is: Yes. The business models of most consumer durables sector companies are reasonably easy to understand. With economic growth, disposable income in the hands of consumers is increasing. That leads to buying of high...

Stock Index Chart Patterns: S&P 500 and FTSE 100 – Jul 10, 2015

S&P 500 Index Chart The daily bar chart pattern of S&P 500 tested support from its 200 day EMA, and even closed for a day below it (for the first time since Oct ‘14) before bouncing up. At the time of writing this post, the index is tra...

Stock Index Chart Patterns: S&P 500 and FTSE 100 – Jun 12, 2015

S&P 500 Index Chart The following remarks were made in last week’s post on the daily bar chart pattern of S&P 500: “Slow stochastic has dropped sharply inside its oversold zone. That can lead to a technical bounce. Bears are likely to...

Stock Index Chart Patterns: S&P 500 and FTSE 100 – Jun 05, 2015

S&P 500 Index ChartStrong volumes on down days and downward momentum visible on technical indicators had led to the following comment in last week's post on the daily bar chart pattern of S&P 500: "Some more correction can not be ruled o...


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