We have an Eve Eve Double Bottom forming here.
The classic entry off of this pattern would be for
us to enter when the candle closes above the center.
The average rise of an Eve Eve would be 40% from the tops.
After a 40% rise it should retrace 31%. If it hits the 41%
Rise it would put Stratis at 35$ roughly.
Also we could enter now with a trailing stop and do a
2-3x and exit at the 1.618 ( which lines up pretty close
to the 40% rise from the Eve Eve Tops if the pattern completes.
The classic entry off of this pattern would be for
us to enter when the candle closes above the center.
The average rise of an Eve Eve would be 40% from the tops.
After a 40% rise it should retrace 31%. If it hits the 41%
Rise it would put Stratis at 35$ roughly.
Also we could enter now with a trailing stop and do a
2-3x and exit at the 1.618 ( which lines up pretty close
to the 40% rise from the Eve Eve Tops if the pattern completes.