BOREARIS

Hang Seng 50 Double top 1 hour

Hang Seng 50 1 hourConfirmed Oct 15, 12:00 UTC+8
HNHConfirmedClosedInvalid 24,510Neck 23,967Confirm 23,933Target 1 23,686Target 23,43922,933━ MA20 + Bollinger Bands ━ MA50 1 hour70503015.76━ RSI ━ 9MA0-191.69━ MACD ━ MACD Signal10/12 06:0010/13 15:0010/15 00:0010/16 10:0010/20 23:0010/22 09:00
HNHConfirmedClosedInvalid24,510Neck23,967Confirm23,933Target1 23,686Target23,43922,933━ MA20 ━ MA5070503015.76━ RSI ━ 9MA0-191.69━ MACD ━ MACD Signal13 10:0015 19:0021 08:00

Gold line = the pattern's swing points; gold box = the confirmation candle; coloured lines = target and invalidation; blue = confirmation price.

Double top: Target hit

Target23,439
First target23,686
Confirmation23,933
Invalid at24,510
Move+1.51%

Timeframe1 hour
ConfirmedOct 15, 12:00
ClosedOct 22, 09:00
Duration166.0 h
Reward / risk0.86

What this tells you

Price is rejected twice at a similar high; a break below the low between them (the neckline) often marks a turn from up to down.

Check it on the live chart

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Swing points

PointTime UTC+8Price
HighOct 12, 09:0024,443
NecklineOct 13, 10:0023,967
HighOct 14, 13:0024,495
ConfirmationOct 15, 12:0023,933

Recently closed Double top patterns: 26 in total, 21 reached the target first (81%), 3 were invalidated and 2 expired. Results by pattern →

Chart patterns are technical reference points, not trade recommendations. Past results do not guarantee future outcomes; trading involves risk.

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