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Doublebottompattern

RVNUSDT are you Alive? 🦐RVNUSDT are you Alive? The price created a double bottom on the weekly structure and the price had a breakout from the falling wedge. The price Is testing daily support. We are looking for a new bullish impulse, According to Plancton's strategy, we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
2
Gold on a weekly trendline 🦐GOLD after creating a double bottom at the 1860 level started a retracement move until the 0.382 of the previous bearish leg, near the weekly descending trendline. The price moves between 1880 and 1890 level and attempts to break below with a spike. IF the price will break and close below the 1880 area we will set a nice short order according to Plancton's strategy. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger. Leave a comment that is helpful or encouraging. Let's master the markets together.
OANDA:XAUUSDShort
by InkyGrip
10
Double Bottom a bullish reversal patternDouble Bottom Pattern Tutorial - Double Bottom is a bullish reversal pattern usually found at the end of a downtrend. Double Bottom pattern can be easily identified when price reaches a equal low two consecutive times unable to push price to a new lower low to continue the downtrend then the price bounces sharply from the equal low area and then breaks the neckline. The entry point of this trade pattern will be confirmed by a closing of price above the neckline. We can take help of RSI to see the momentum and the strength of the price movement. Stay Tuned, 👍;
Education
by tapasdhanadana
1