ilmscore | Prediction Details
"well for me a double bottom needs to look something like this we need to have that second push down and I need to see a candle that at least touches the bottom of the body of this first candle but does not close below the bottom of that wick that swing low to signal trend continuation as long as we have that in some way we now have one bottom to bottom by touching the lower half of that body of that candle or the lower point of the body of this first wing low so we have two bottoms and we do not have a lower low lower closed signaling trend continuation"
By The Trading Channel (The Trading Channel) | July 30, 2018 | Pending
From video
Ultimate Beginners Guide: To Price Action Patterns (Must See) 00:09:14 - 00:09:45
Interpreted Prediction
A valid double bottom requires the second push down to at least touch the bottom of the first candle's body, but not close below the wick's low, to avoid signaling trend continuation.

Prediction Details

Topic
Trading Strategy

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