Hi all,
Today we have a possibly have a double bottom on the 4hr chart on the usd/chf, just awaiting the break of the neckline.
My analysis for the first part of the double bottom is this grey box where price may enter or close in the box. The grey box goes from the first body of the candle to the lowest price point of the bottom. BUT CANDLES MUST NOT CLOSE BELOW THE GREY BOX this will signal a break and a downward continuation.
*this my my own validation and opinion and no way financial*
Good luck and trade safe
L
Today we have a possibly have a double bottom on the 4hr chart on the usd/chf, just awaiting the break of the neckline.
My analysis for the first part of the double bottom is this grey box where price may enter or close in the box. The grey box goes from the first body of the candle to the lowest price point of the bottom. BUT CANDLES MUST NOT CLOSE BELOW THE GREY BOX this will signal a break and a downward continuation.
*this my my own validation and opinion and no way financial*
Good luck and trade safe
L