This trade is a bit late, however the risk reward is still favorable, considering how accurate these double bottoms with divergences tend to be.
The time to make the best out of this trade was back in the summer in July, before the mini crash in August, or if you were brave enough (not me) right in August.
The best trades for me are double bottoms with divergences, that happen in uptrends, and this one certainly qualifies.
I am looking for at least a retest of the previous major swing high.
The time to make the best out of this trade was back in the summer in July, before the mini crash in August, or if you were brave enough (not me) right in August.
The best trades for me are double bottoms with divergences, that happen in uptrends, and this one certainly qualifies.
I am looking for at least a retest of the previous major swing high.
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