UPL LTD
Short

Double top formation in UPL and rejection from neckline

Aktualisiert
UPL seems to have formed double top pattern and now it has come to retracement level of neckline after breakout and then giving clear rejection for the upside move.
Also, we are seeing a clear reversal in the uptrend in the daily timeframe. so possibly can test previous swing high of 650


Trade ist aktiv
Anmerkung
Price moving as expected!
Trade geschlossen: Ziel wurde erreicht
Target 1 is achieved.
Trade geschlossen: Stop wurde erreicht
bearishpatternsbearishtrendDouble Top or BottomdoubletoppatterndoubletopreversalSupply and DemandTrend Analysisuplshort

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