Teletubbies Pattern
It seems the Stop Hunter Swap Long position from high side to low side forming a Teletubbies pattern. (Backtest purple downtrend zone)
Possible development scenario:
Scenario 1. Another Dump: Buyers kill Buyers, drop again to test a new low. Said: 800 days MA (1550) to 1000 days MA (1380) (This year low to last year end low)
Scenario 2. Double bottom: Small Range absorbing for long position accumulation forming a double bottom pattern.
Bias prefer Teletubbies pattern forming a double bottom pattern. Caution Long.
Personally record only, not for any financial advise.
Possible development scenario:
Scenario 1. Another Dump: Buyers kill Buyers, drop again to test a new low. Said: 800 days MA (1550) to 1000 days MA (1380) (This year low to last year end low)
Scenario 2. Double bottom: Small Range absorbing for long position accumulation forming a double bottom pattern.
Bias prefer Teletubbies pattern forming a double bottom pattern. Caution Long.
Personally record only, not for any financial advise.
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