A double bottom is formed following a single rounding bottom pattern which can also be the first sign of a potential reversal. Rounding bottom patterns will typically occur at the end of an extended bearish trend. The double bottom formation constructed from two consecutive rounding bottoms can also infer that investors are following the security to capitalize on its last push lower toward a support level. A double bottom will typically indicate a bullish reversal which provides an opportunity for investors to obtain profits from a bullish rally. After a double bottom, common trading strategies include long positions that will profit from a rising security price.
$TRON $TRX
$TRON $TRX
Trade ist aktiv:
head and shoulders inverse pattern
Bullish! Wave 3 is coming!
head and shoulders inverse pattern
Bullish! Wave 3 is coming!
Trade ist aktiv
Kommentar:
Wave 3 in construction
Kommentar:
Axis > Triggered double bottom = 0.040839
Position TRADING!
HOOOOOOLD!
Position TRADING!
HOOOOOOLD!
Trade ist aktiv:
Elliot Waves UPDATE
Elliot Waves UPDATE
Trade ist aktiv
Kommentar:
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We are a BITMEX specialized channel.
Our philosophy focuses on capital preservation and good risk/return operations.
We'll share our analysis, calls, and share studies that can help you be a better trader.
Enjoy!
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t.me/blackMEXcrypto
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