Long
Nasdaq double bottom has confirmed (4H Chart)
The chart shows two bottoms which held, and a rebound that goes past the peak in between the bottoms. This could act as a confirmation of the double bottom. The potential upside is the distance between the original peak and dip between the bottoms added on top of the breakout line (pink dots).
This is a 4 hour chart - so short term.
This is a 4 hour chart - so short term.
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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.