Triple Bottom daily pattern in Weekly bullish with Descending volume. Also closing daily above 100 MA Bullish signal.
Measure rule. The measure rule predicts the minimum price move. To use it, subtract the lowest low from the highest high reached in the formation and then add the difference to the highest high. The result is the expected minimum price move.
Wait for confirmation. When is a triple bottom not a triple bottom? When price fails to rise above the confirmation point. Always wait for confirmation.
If Daily closes above confirmation line 41250 we can expect a move at least to 52000
Signal: Order at 41500 SL 39500 Target 52000
Measure rule. The measure rule predicts the minimum price move. To use it, subtract the lowest low from the highest high reached in the formation and then add the difference to the highest high. The result is the expected minimum price move.
Wait for confirmation. When is a triple bottom not a triple bottom? When price fails to rise above the confirmation point. Always wait for confirmation.
If Daily closes above confirmation line 41250 we can expect a move at least to 52000
Signal: Order at 41500 SL 39500 Target 52000
Trade active:
Daily closes above confirmation line 41250
20 MA and 50 MA gonna cross - bullish confirmation
20 MA and 50 MA gonna cross - bullish confirmation