People will draw 2 random lines at every 5 minute that it bounces calling double bottom
Then if it falls more they'll draw more lines to create a potential bullflag
Then draw parallel lines at every low if it falls more calling that the bottom
Don't take in more risk then you can and remember technicals were not meant to save your money wait for confirmation and observe market conditions
And if you didn't study technicals don't expect to have a single good trade with it there is more to technicals then connecting 2 dots with a line
Then if it falls more they'll draw more lines to create a potential bullflag
Then draw parallel lines at every low if it falls more calling that the bottom
Don't take in more risk then you can and remember technicals were not meant to save your money wait for confirmation and observe market conditions
And if you didn't study technicals don't expect to have a single good trade with it there is more to technicals then connecting 2 dots with a line
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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.
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.