Double Bottom

Double bottom forming on gold

- A double bottom has formed at a key level as you can see. - We also have a break of a Descending Wedge which signals a bullish bias. - Will be looking to take a long position if we get a pullback to the area on confluence where we have the 0.618 retracement, double bottom neckline and outside of the descending wedge. - Will enter upon confirmation of a...

minor res broken forming 2nd bottom on trend line (GO DOWN TO 4HR TO ASSESS SITUATION AND FIND RIGHT ENTRY FOR YOURSELF) P.A- 0.63000 for early entry ( this level is prone to getting triggered early af if price decides to be on some bs) could be a good outcome or bad , close to current price (good stops and lot size can save you ) P.A-0.63249 safe entry after res...

Double bottom on the price of UK OIL with bullish divergence on the RSI on the daily chart, Good entry for longs and taking profits at $62 where the 20 MA is at at the moment , price in case of an uptrend most likely will travel towards that level, Also Fibonacci taken from the high to low of the descending channel we have been trading in for the last few...

Just peaking above the neckline. Will it start to reverse from here?

GBPJPY is correcting lower towards key supports at 130.70 & 130.05. Looking to buy a dip towards here in anticipation of higher prices in the short term. Trade Idea Posted a Double Bottom formation. Price action has broken from the previous formation. A mild correction has been posted from yesterday’s high, this is seen as a retest of the breakout level. We have...

A 4 year double bottom reversal for Serco. But is it ready to reverse back into an uptrend?

Emerging from a double bottom and breaking out?

USDJPY double bottom looking promising for a long position

Morning traders Looking to go short US dollar versus Swiss Franc as the pair tap the descending trendline that has held since April and is highlighted in our trading view chart . The re tap again yesterday coincides with reaching overbought levels on stochastics. Given the market has been challenging recently we have have waited for confirmation of a cross over...

Double Bottom bounce from support. Failed to make a lower low on second test. Close above the highest point in the double bottom formation triggers the buy trade.

from a bigger timeframe, we are in a correctional phase but price looks like it will make another move to the upside before sellers come in. price made a big double bottom and a smaller one on the 15min which gives me enough reason to go long. Waiting for breakout to confirm bias.

After double-bottom we can entry to long position and TP somewhere in falling window pattern.

Second test failed to make a lower low Close above the highest point in the double bottom formation triggers buy trade

Things I look for in a valid double bottom formation: - Second test which completes the double bottom fails to make a new low - Price must close above the highest point in the double bottom swing to initiate the buy trade

EurAud has put a double bottom at minor support followed by a break of the V point and a pullback into that zone. I think we can see a push up to the red line just below the even handle number.

uk oil has been in downtrend for a very long time now with price making a bearish flag on the daily chart. Waiting for price to complete the bearish flag with one more move up, I say this because price made a double bottom and retested previous support so I am hoping price does the same before melting down at the top of the flag...

Target 847p if all goes well. This is not a recommendation.