Crude Oil Double Bottom

Discussion in 'Commodity Futures' started by Sekiyo, Nov 22, 2022.

Bullish, Bearish or NA ?

  1. Bullish

    3 vote(s)
    60.0%
  2. Bearish

    1 vote(s)
    20.0%
  3. NA

    1 vote(s)
    20.0%
  1. Sekiyo

    Sekiyo

    CL1!_2022-11-22_23-51-35.png

    upload_2022-11-22_23-47-12.png
     
    countryBoy641 likes this.
  2. easymon1

    easymon1

    "Confirmation of Double Tops and Bottoms
    Although the pattern is fairly easy to recognize and can be traded using a basic set of rules, you cannot simply jump into a trade whenever you see two bottoms or tops on the chart. To initiate a trade based on this pattern, you should first confirm its validity. There are two details related to the confirmation of the Double Top and the Double Bottom reversal patterns. This includes the Neck Line and the breakout." from the link below...


    How to Trade Double Top and Bottom Reversal Patterns
    https://forextraininggroup.com/trade-double-top-bottom-reversal-patterns/

    [​IMG]
     
    Last edited: Nov 22, 2022
  3. easymon1

    easymon1

    Sekiyo likes this.
  4. Sekiyo

    Sekiyo

    Next time I should tag BIKINI :D
    For you to share with us some sexy pictures.

    Thanks !
     
  5. maxinger

    maxinger

    That is a straightforward Q.

    There will be 3 possibilities :

    - price might go up
    - price might go down
    - it might form a triple bottom, quad bottom, penta bottom, hexa bottom etc etc etc
     
    Last edited: Nov 22, 2022
    adamovicm and Sekiyo like this.
  6. easymon1

    easymon1

    Sekiyo likes this.
  7. Sekiyo

    Sekiyo

    Have you already seen an Hexa bottom ?!
     
  8. Sekiyo

    Sekiyo

  9. Sekiyo

    Sekiyo

    SUGAR (SB) potentially a Bullish breakout in the making
    SB1!_2022-11-23_01-42-06.png
     
    Last edited: Nov 22, 2022
  10. Positive div on the RSI, daily as well as weekly.
    Going higher.

    $wtic.jpg
     
    #10     Nov 22, 2022
    Sekiyo likes this.