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
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.