ilmscore | Prediction Details
"what I'm doing when looking for double bottoms is once I have my first bottom let's say the market is right here I do nothing more than put a box between the bodies of the candles and the wick of the candles on that first bottom what I want to see is a candle that at least touches the top of that box The candle can close inside that box a wick can go past that box what I do not want to see is a full body of a candle close below that box in that case I'm seeing train continuation"
By The Trading Channel (The Trading Channel) | January 29, 2021 | Pending
From video
Master The Double Bottom + RSI Divergence Trading Strategy (Full Course) 00:06:09 - 00:06:42
Interpreted Prediction
The rules for identifying a valid double bottom involve creating a box around the first bottom's wicks and bodies. A subsequent candle touching the top of this box, closing within it, or having a wick extend past it is considered valid. A full candle body closing below the box indicates trend continuation and invalidates the double bottom.

Prediction Details

Topic
Double Bottom Rules

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