Hey Guys!
I just wanted to post a quick tutorial on how to find legitimate double tops and bottoms.
In this lesson, I explain the 4 rules that a double top/bottom must abide for it to be legitimate.
So for example: For a legitimate double bottom:
#1 The 2nd bottom's price must reach the 1st bottom's wick low price level.
#2 The 2nd bottom's price cannot close past the 1st bottom's wick low price level.
#3 There must at least be a 10 candle range between the the bottoms. (including the 2 bottom's candles)
#4 The prior trend must be in the opposing direction. (which is down in the case of a double bottom)
That's it! I hope this helps!
Have a great day!
Ken
I just wanted to post a quick tutorial on how to find legitimate double tops and bottoms.
In this lesson, I explain the 4 rules that a double top/bottom must abide for it to be legitimate.
So for example: For a legitimate double bottom:
#1 The 2nd bottom's price must reach the 1st bottom's wick low price level.
#2 The 2nd bottom's price cannot close past the 1st bottom's wick low price level.
#3 There must at least be a 10 candle range between the the bottoms. (including the 2 bottom's candles)
#4 The prior trend must be in the opposing direction. (which is down in the case of a double bottom)
That's it! I hope this helps!
Have a great day!
Ken
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免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。