Two charts side by side
Chart broke stride at A)
We then ranged and formed a descending channel which ended at B)
Strong demand came in a seen by the selling climaxes at B) (Look at volume)
At C) we see a triple bottom
D) Is the breakout of the range - most likely will close above horizontal dotted line
Expecting a continuation upwards therefore will add to spot position on the break of double top at E)
If you have any questions, let me know :)
Have fun trading
- Jeremy
Chart broke stride at A)
We then ranged and formed a descending channel which ended at B)
Strong demand came in a seen by the selling climaxes at B) (Look at volume)
At C) we see a triple bottom
D) Is the breakout of the range - most likely will close above horizontal dotted line
Expecting a continuation upwards therefore will add to spot position on the break of double top at E)
If you have any questions, let me know :)
Have fun trading
- Jeremy