InvestorsHub Logo
Post# of 1645
Next 10
Followers 31
Posts 1990
Boards Moderated 2
Alias Born 09/17/2010

Re: None

Monday, 12/13/2010 3:07:18 PM

Monday, December 13, 2010 3:07:18 PM

Post# of 1645
Double Low- Higher Close Bars

This is from a much older chart but it helps to get the point across. This is one of my favorite trading setups. I look for DBLHC bars all the time on daily and 3 hr charts. What made this trade perfect was that it occurred right at the fib retracement line. The time to go long was when the second bar broke above the first. You can see a doji formed at the peak of the trend, which would indicate a time to take profits. These set-ups are golden. Don't miss em.


Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.