will we get a double bottom or it has to go a long way down

9 juil. 2017

last week we bounced from weekly support. after going up for some days we retraced violentaly towards weekly support. now we have to watch for price action at weekly support. if it takes support there then we will see a weekly double bottom. which can start a new trend upwards, and we can try to go long if that happens.

in second case if we break the support than try to find short oppurtunities upto next weekly support marked on the chart

good luck