DD extended the rebound off 130.91 (April 13, 2015 weekly low) to test 5-month falling channel resistance (as shown on the weekly chart), reaching 140.19 (April 29, 2015 high). Further strength above the latter is needed to confirm a bullish flag breakout pattern and bolster for 142.55 (February 16, 2015 weekly high) ahead of the 146.13 peak (November 24, 2014)....
A double bottom can be a powerful formation. Watch volume to time this breakout. We are testing the top of the channel for this pattern. Is the third time the charm? MACD is finally showing signs of turning positive, and this could be a nice move out of the double bottom channel.
I think this is a nice clean strategy for picking up some high probability trend trades. What do you think of it?
I've worked with Heikin-Ashi candles before and feel they give some pretty clean entry signals. Consecutive bullish (though not overly bullish) HA candles gives a good entry point if taken just above support levels and with an increase in volume. ...
