theyellowlongboard

Trend Trade/ Double Bottom

NASDAQ:ROKU   Roku, Inc.
$ROKU looks like its following a trend. Short at the resistance level if it does not breakout after careful price action analysis. If breakthrough occurs, wait for break above the middle of the double bottom with increased volume for confirmation of breakout.
Comment:
However, trading the double bottom may be an example of trading against the trend, unless you set your entry higher.
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