Thursday, December 11, 2014

USDINR ~ positional analysis 11.12.14 Update I

Adam and Eve chart pattern

The dip in Adam and Eve is a variant of the double bottom. So a figure of reversal, it generally occurs after a downtrend. This figure takes the form of a double bottom it is different in that the first bottom is shaped like a "V" and the second bottom in the shape of "U".