ilmscore | Prediction Details
"so the third component is being consistent by creating rules for a double bottom for instance the rule could be that as you push down for your double bottom trade we have a candlestick here let's say this is the swing low of this first push we get a rally and then the pull back towards that previous support level that we're gonna use as the first step of our double bottom well here what is one thing we don't want to see well if you're a trained continuation trader or if you know a little bit about trend as of right now you know that if we get a candle that closes below the previous swing low right here let's say that happens then that's a pretty significant sign that we could see some trend continuation out of this market and guys if we could see trend continuation do we want to trade a reversal pattern no no we do not so what's another thing we can look for well before we get into that if we see it close lower than this low right here then we want to discount that trade right because we know that means possible trend continuation"
By The Trading Channel (The Trading Channel) | July 30, 2018 | Pending
From video
Ultimate Beginners Guide: To Price Action Patterns (Must See) 00:07:24 - 00:08:28
Interpreted Prediction
A specific rule for double bottom trades is to discount the trade if a candle closes below the previous swing low, as this signals potential trend continuation rather than a reversal.

Prediction Details

Topic
Trading Strategy

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