Double Top, Dbl Bottom. Show your Opinion, Use Charts - Especially Non-Workings! Text is cheap, lol.
- Thread starter easymon1
- Start date
A double bottom or top can only be seen after it already occurred. As noted in your chart. Yes that was a double top.
If you think the market made a top and you are able to place a trade near a top, the benefit of trading is you can use a low risk stop.
However, you don't want to be picking tops with no stops and getting stopped out when price moves higher.
If you look at the left side of the screen, it was better to trade some of pullbacks long for example the HL.
On the right assuming you were not able to get in on that double top, and assuming you do have a full trend reversal, then trading LH's are possible.
If you think the market made a top and you are able to place a trade near a top, the benefit of trading is you can use a low risk stop.
However, you don't want to be picking tops with no stops and getting stopped out when price moves higher.
If you look at the left side of the screen, it was better to trade some of pullbacks long for example the HL.
On the right assuming you were not able to get in on that double top, and assuming you do have a full trend reversal, then trading LH's are possible.
Post em up. Chart fails Are instructive
There are several posted.
Pitch in with some of your own.
https://elitetrader.com/et/threads/...rkings-text-is-cheap-lol.348337/#post-5170892
This one Works.
Double Bottom Fails
Call for Instructive Double Bottom Fails.
Pitch in with some of your own.
Put One Indicator of Your Choice on the chart with the Fail.
Post em up. Chart fails Are instructive
There are several posted.
Pitch in with some of your own.
https://elitetrader.com/et/threads/...rkings-text-is-cheap-lol.348337/#post-5170892
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