JO: Potential Double Bottom w/ Bullish Crab and Divergence
I would first like to give credit to IvanLabrie for finding this potential double bottom -- his original idea is linked below.
In addition to the potential double bottom I found this potential Bullish Crab. The 1.618 XA extension for this pattern is 17.06 -- 6 cents above the previous low of $17 last February. At the moment there is also a slight bullish divergence in the RSI on the daily chart.
I will be watching for the opportunity to buy in the low $17 area confirmed by price action at the PRZ of this pattern as well as the RSI. This pattern will be invalidated if the price exceeds a 2.0 XA extension, which is just below $16.
In addition to the potential double bottom I found this potential Bullish Crab. The 1.618 XA extension for this pattern is 17.06 -- 6 cents above the previous low of $17 last February. At the moment there is also a slight bullish divergence in the RSI on the daily chart.
I will be watching for the opportunity to buy in the low $17 area confirmed by price action at the PRZ of this pattern as well as the RSI. This pattern will be invalidated if the price exceeds a 2.0 XA extension, which is just below $16.
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.