How to Pick the Bottom in Any Market with Iteksignal
A simple technique to buy the turn higher from the low with Iteksignal, is to wait for a failed double bottom. If you take a look at the image, prices fell to lower low with an extreme bottom (1). A subsequent candles bounce to a higher price (2) stalled and approached the bottom but did not break below that base. New higher lows (3) formed.
123bottom
The buy trigger in the 1, 2, 3 formation is a push above the high (2) inside the double bottom. Buy when that peak is exceeded with a protective stop loss exit at the bottom (1). That make Iteksignal a valid entry
A simple technique to buy the turn higher from the low with Iteksignal, is to wait for a failed double bottom. If you take a look at the image, prices fell to lower low with an extreme bottom (1). A subsequent candles bounce to a higher price (2) stalled and approached the bottom but did not break below that base. New higher lows (3) formed.
123bottom
The buy trigger in the 1, 2, 3 formation is a push above the high (2) inside the double bottom. Buy when that peak is exceeded with a protective stop loss exit at the bottom (1). That make Iteksignal a valid entry