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Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
══════════════════════════════
Hello Traders ✌
Quite belabored Double Bottom but still respecting all its preliminary conditions.
Breakout area is around the 200 Days EMA so I would wait price to go strongly beyod it before considering any action.
If you go down to 30 minutes chart, we have a small Head & Shoulders Bottom that can be used for a quick trade or could also be used to slowly start building the main position.
All information is shown on the chart.
Pattern Class: 🌕🌕🌕🌕🌕
Target area: see chart
Breakout area: see chart
Entry Point and Initial Stop Loss depends on your Trading Plan Tactics and Money Management rules.
🔎🔎🔎 ALWAYS REMEMBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
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⚠ DISCLAIMER ⚠
The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
═════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
══════════════════════════════
Hello Traders ✌
Quite belabored Double Bottom but still respecting all its preliminary conditions.
Breakout area is around the 200 Days EMA so I would wait price to go strongly beyod it before considering any action.
If you go down to 30 minutes chart, we have a small Head & Shoulders Bottom that can be used for a quick trade or could also be used to slowly start building the main position.
All information is shown on the chart.
Pattern Class: 🌕🌕🌕🌕🌕
Target area: see chart
Breakout area: see chart
Entry Point and Initial Stop Loss depends on your Trading Plan Tactics and Money Management rules.
🔎🔎🔎 ALWAYS REMEMBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
═════════════════════════════
⚠ DISCLAIMER ⚠
The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
═════════════════════════════