V bottoms do have a true handle but there is a channel of support that has formed..
V bottoms come down in an almost straight channel as a rule and go back up the same way, without a lot of pauses...The trend back up is almost a mirror of the trend down. Price drops at an almost 45 degree angle. There is also a V top.
When dealing with a V bottom, price forms almost an island bottom in a short amount of time, sometimes just one candle tail. It is not U shaped like a cup and handle. It is good to check the rest of the industry the stock trades in to see how the other folks are doing.
MHO had large effective volume and a pocket pivot yesterday. Best to pick an entry that works for you. Large players remind me of government, they are often buying with money that does not belong to them (o:
Not a recommendation/research is important..
V bottoms come down in an almost straight channel as a rule and go back up the same way, without a lot of pauses...The trend back up is almost a mirror of the trend down. Price drops at an almost 45 degree angle. There is also a V top.
When dealing with a V bottom, price forms almost an island bottom in a short amount of time, sometimes just one candle tail. It is not U shaped like a cup and handle. It is good to check the rest of the industry the stock trades in to see how the other folks are doing.
MHO had large effective volume and a pocket pivot yesterday. Best to pick an entry that works for you. Large players remind me of government, they are often buying with money that does not belong to them (o:
Not a recommendation/research is important..