We have identified a bearish setup in the KSE 100 index, marked by the following patterns:
Double Top Pattern 🔃 RSI Divergence 📉 Technical Indicators:
The RSI shows a significant bearish divergence, indicating a potential downward move. The Higher Low (HL) has been broken, reinforcing the bearish sentiment. Target Price (TP):
TP: 73500 📉 Trade Summary:
Pattern: Double Top with RSI Divergence Current Action: HL is broken, signaling further decline Expectation: Index will fall to 73500 Trade Type: Short Swing 📉