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Re: MonestHind post# 182089

Thursday, 05/05/2016 1:01:29 PM

Thursday, May 05, 2016 1:01:29 PM

Post# of 290030
Its called a double bottom,.... " Price returning to the height of the middle of the Big W has a very high probability of surging beyond this point. Under normal conditions, it can easily retrace 100% of the original downward impulse, completing both the DB and Big W patterns. This tendency allows for further entry at the expected return test to the pivot point after the second surge has begun. The TIG chart provides an excellent example of this second chance opportunity"

http://www.tradingday.com/c/tatuto/thebigw.html

http://stockcharts.com/h-sc/ui?s=TRTC