Indeed, Some might think the DCB is a reversal pattern like CATching a Falling Knife, but noooooo,
DCB is a Continuation Pattern, to the DownSide.
He Dead!
Sell at the Apex of the Bounce.
Often that Apex Coincides with a Ceiling Zone, Resistance which offers the opportunity to place a Nearby Stop Zone, which means you can reduce the Stop Gap from which you calculate your position sizing eg. 2% total account value, Compounding groWTH.
Rinse Repeat
View attachment 251869
Double Top and Bottom
https://elitetrader.com/et/threads/...t-right-here-baby.335635/page-18#post-5309309
Inside Bar Trading Strategy
https://elitetrader.com/et/threads/...t-right-here-baby.335635/page-19#post-5323624
One sees DCB plays below All of the purple ranges on this chart.
Wonder how the purple ranges worked price on the way back up?
Worth a look. So many charts, so little time.
https://elitetrader.com/et/threads/...ange-bar-analysis.354496/page-21#post-5319519