1. Identify pattern
2. Mark 6 bounces
3. Place support or resistance rectangle at LL/HH level.
When price cannot break or lose its momentum at the KEY level it has a high probability to break the pattern. Also, enter when price form double bottom or double top.
1. Pattern
2. Dow Theory
3. Support/Resistance
2. Mark 6 bounces
3. Place support or resistance rectangle at LL/HH level.
When price cannot break or lose its momentum at the KEY level it has a high probability to break the pattern. Also, enter when price form double bottom or double top.
1. Pattern
2. Dow Theory
3. Support/Resistance
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.