As you can see in the chart we have a double bottom and many of new traders may decide that every thing is ok and it's gonna pump...but what they will see after that??a dump.... that's right... there's not any rule that all patterns will work all the time....we must always wait for confirmation...and you see we don't have any confirmation that we passed the neck.
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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.