ilmscore | Prediction Details
"we're going to wait for this first initial swing low to occur we're going to wait for a pullback that then begins to fail by pushing back lower we're going to create a termination Zone zone between the body and the low of that initial low of the double bottom then we're going to wait and see if price eventually comes down and at least touches this area can close inside of it can Wick past it cannot close below it as long as that occurs we have a valid double Bottom already but we're not entering the trade just because of that valid double bottom criteria our entry criteria or at least for me the way I've traded this and seen it to be most profitable is having that entry criteria be when price crosses above the neckline of our double bottom"
By The Trading Channel (The Trading Channel) | November 17, 2023 | Pending
From video
This 1HR Chart Pattern Trading Strategy Would Have Made You Profitable In The Last 30 Days... 00:08:50 - 00:09:30
Interpreted Prediction
A valid double bottom is confirmed if price touches, closes within, or wicks past a defined 'termination zone' (between the body and low of the initial swing low), but does not close below it. Entry for the trade occurs when price breaks above the neckline.

Prediction Details

Topic
Double Bottom Trading Strategy

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