Friday, May 24, 2019 1:15:35 PM
2B Double Bottom with Divergent Indicators
All double bottoms are reversal patterns...the 2B has exact levels for both legs
Checking for divergence when you first spot the 2B price action pattern may
allow you to enter very close to the bottom...
Or you can wait for a confirming indicator pattern and still get a very good entry.
In this example the DIV 2B was confirmed by the stochastic slingshot.
You'll get a higher fill price waiting for confirmation
All double bottoms are reversal patterns...the 2B has exact levels for both legs
Checking for divergence when you first spot the 2B price action pattern may
allow you to enter very close to the bottom...
Or you can wait for a confirming indicator pattern and still get a very good entry.
In this example the DIV 2B was confirmed by the stochastic slingshot.
You'll get a higher fill price waiting for confirmation
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