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I'm sorry, but if I understood correctly you disagree with the example dbphoenix give Tuesday then?
How do you know this 'double bottom' isn't a change of the trend? We've failed to make a lower low and the demand is breached and we've moved up above the last swing high... |
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I'll have to go through Tuesday's posts to find out which one you are referring to. Is it the 1m NQ I already responded to?
I'm curious about the double bottom because McLaren, with 40 years of experience, states that double bottoms rarely end down trends. They are terrific in up trends but usually fail in down trends. The reverse is true of double tops.