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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (15043)	12/3/2015 8:59:52 AM
From: Andrew~	Read Replies (1) \| Respond to of 202400

$WTIC does currently show a double bottom on daily and weekly. The first bottom had the high reversal volume up to the confirmation level then it fell off. The second bottom is lower than the first which increases the performance if it is a double bottom pattern. Wait for reversal volume, the target is the confirmation level and then a breakout above that on increased volume. If it is a double bottom but doesn't break above the confirmation level it may become a bearish rectangular pattern or a triple bottom. By comparison, $BRENT shows that its first bottom was just an intraday low and not a close so it does not have a good double bottom pattern on daily or weekly.