👽 obsessed with the Markets 📈

  👽 A double top is a technical analysis chart pattern that indicates a potential reversal in the price of a security, such as a stock or cryptocurrency. It forms when the price of the security reaches a high, pulls back, and then reaches the same high again, creating two peaks. Here are the key characteristics of a double top: 1.  Two highs: The price reaches a high, pulls back, and then reaches the same high again. 2.  Valley in between: There is a valley or trough between the two highs, which represents a pullback in price. 3.  Resistance level: The double top forms at a resistance level, which is a price level that the security has difficulty breaking through. 4.  Reversal pattern: The double top is considered a reversal pattern, as it indicates that the upward trend is weakening and may be about to reverse. To confirm a double top, traders often look for additional signs, such as: 1.  Volume decrease: A decrease in trading volume during the second pea...

Here are 5 potential reasons why you may be losing money trading US30 futures: 1.  Lack of Trend Identification : Failing to accurately identify trends, reversals, and breakouts can lead to poor entry and exit points, resulting in losses. US30 futures can be particularly challenging due to their high volatility and sensitivity to economic news. 2.  Inadequate Risk Management : Insufficient stop-loss orders, position sizing, and risk-reward ratios can exacerbate losses. US30 futures require careful risk management due to their high leverage and potential for rapid price movements. 3.  Overtrading and Emotional Decision-Making : Overtrading, fear, greed, and impulsive decisions can lead to poor trading choices. The fast-paced nature of US30 futures trading can amplify emotions, causing traders to make costly mistakes. 4.  Ineffective Trading Strategy : Using a flawed or outdated trading strategy can lead to consistent losses. US30 futures require a robust strategy that...