Double Bottom

This one has been bobbling around in nowhere land for quite a while..Tried to break up from a V Bottom, but was captured by a bearish rising wedge/fell out or broke bottom trendline at the top...and has been falling ever since.

Perhaps recovered now and it is hard to be bullish, especially after a day like today..time will tell..

There is an adam and adam, and eve and adam, adam and eve, and an eve and eve ..Eve is more rounded than adam. Adam bottoms tend to be more slender and a bit more of a straight down appearance. An Adama and Adam can be just 2 candle tails similar to a tweezer bottom.

This one is more than that but neither is truly well rounded of long in duration..you decide (If you care) (o;

DBs within a third of the yearly low, perform the best as a rule. Wait for confirmation as there is always the chance this can continue down.

You can trade this like an ABC bullish pattern, where the first bottom is A, the second bottom is C and the top is B.

Possible stop under C..or second bottom..stash your stop somewhere safe..

This is not to long entry level yet and you need a confirmed uptrend to validate the move..

Not a recommendation/Just an observation

I am gonna press long, but hard to really know these days )o:

評論:

Rainy days and bad market days always get me down )O;