Double Bottom - Buckle up! 🎢
Actualizado
Widad was dipped by 50% from Fibonacci resistance area at 0.80 and found support at Fibonacci sell target 1.618 at 0.39, forming a Double Bottom reversal pattern. A bullish bias has emerged above the Double Bottom as the price has violated the downtrend line followed by a stronger buying volume coincide with buy signal seen on daily Stochastic . Theoretically, the target price of a double bottom is measured by the height of the pattern.
Meanwhile, a reversal below support level 0.39 would negate this expectation.
Disclaimer: No trading strategy provided here. Our content is intended to be used and must be used for technical analysis education purposes only
Meanwhile, a reversal below support level 0.39 would negate this expectation.
Disclaimer: No trading strategy provided here. Our content is intended to be used and must be used for technical analysis education purposes only
Operación cerrada: precio stop alcanzado
Support breached
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.