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Double bottom or not, wait and see, I doubt though.
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This is my study of Friday's price action on the 1 minute. You could call it a fast cup and handle. Solid break above $386.25 is needed.
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Sharing research and ideas only, this is not trading advice.
“If people concentrated on the really important things in life, there’d be a shortage of fishing poles.” – Doug Larson
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Comparing my fast 1 minute P&F chart shown above, to the BOP provided by TC2000, I want to see BIG MONEY supporting the moves. It is evident that large lots are buying.
But they are longer term investor and can handle draw down.
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Sharing research and ideas only, this is not trading advice.
“If people concentrated on the really important things in life, there’d be a shortage of fishing poles.” – Doug Larson
merryme wrote:Comparing my fast 1 minute P&F chart shown above, to the BOP provided by TC2000, I want to see BIG MONEY supporting the moves. It is evident that large lots are buying.
But they are longer term investor and can handle draw down.
Friday was triple witching day so it is hard to make conclusion on that chart
No pullback in the next couple of bars then it's an uptrend day.
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We had the range high, now seeking the range low? At the current stage, I don't think the range low would be the day low but let's see.
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