I've identified a double bottom in this chart - projecting the trend to reverse from bearish to bullish. Projected breakout range is the distance from support to the resistance starting from the breakout point going upwards into a bullish phase.
I've placed a buy stop order close to the resistance level and my stop loss is my last main identified LL. Let me know what you guys think.
I've placed a buy stop order close to the resistance level and my stop loss is my last main identified LL. Let me know what you guys think.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.