Price action and chart pattern trading setup Parallel channel support and resistance - possible doubled bottom - new technical indicator - Titanic Pattern
Smart money and banker chip volume support at doubled bottom positions - technical rebound expected.
> Entry at support parallel channel near bottoms > Target at the upper parallel channel > Stop loss at bottom plus average daily range (ADR) > Risk Reward ratio: 1.5:1 for short term trade.
Always trade with affordable risk and respect your stop loss