There is a large bullish bat forming on the daily. We bottomed out on the 15M accompanied with the RSI going O/S along with hidden divergence, so this is an alternate way to enter the bat. However, without placing your stops below the X leg & exposing yourself to an undersireable amount of risk, you can use the double bottom as an indicative area to place stops at.
Good luck.
Good luck.
Trade active
Comment:
The market has put in another double bottom, giving an additional reason for entry.
Trade closed: stop reached