SETUP: 2 Trendlines, support and triple bottoms.
Confirmations: Doji, engulfing candle,
SL and TP: Adjust as trade progresses.
Trade is only valid if the confirmations are formed. More confirmations the better.
Double bottom might need to happen to reverse price momentum.
Confirmations: Doji, engulfing candle,
SL and TP: Adjust as trade progresses.
Trade is only valid if the confirmations are formed. More confirmations the better.
Double bottom might need to happen to reverse price momentum.
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.
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.