Pattern Formation: Clear W-shaped double-bottom structure indicating a bullish reversal.
Breakout Confirmation: Price breaks above the neckline resistance with strong volume.
Retest Zone: Possible retest of breakout level before further upside.
Target Levels: Measure the height of the W and project it upwards for targets.
Stop-Loss: Below the neckline or recent swing low for risk management.
Breakout Confirmation: Price breaks above the neckline resistance with strong volume.
Retest Zone: Possible retest of breakout level before further upside.
Target Levels: Measure the height of the W and project it upwards for targets.
Stop-Loss: Below the neckline or recent swing low for risk management.
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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.