Crypt0_Ninja

Adam & Eve Double Bottoms

Long
BYBIT:ETHUSD   None
According to Thomas Bulkowski's Encyclopedia Of Chart Patterns, the Adam and Eve formation is characterized by a sharp and deep first bottom on high volume (Adam). The stock bounces and develops a more gentle correction, printing a second bottom (Eve) on lower volatility. Eve's rounded bottom takes longer to develop than the Adam spike and it is characterized by lower volumes. Price action congests into a tight range and the stock then breaks to the upside.

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