Possible stop below the lower of the 2 bottoms or the last pivot low. I often place stops under horizontal trading zones which are areas of consolidation. The longer these zones, are the better.
A double bottom can show the bears where the bulls are willing to make a stand. This can give confidence to the bulls and can make bears a bit less confident.
Possible small flag forming.
A Marubozu is a taller candle with no shadows, or wicks on the top or the bottom. This one is red, but there is also a green Marubozu candle. As a rule these candle may affect price on a very short basis and are a signal that continuation of the current trend may persist.
No recommendation
Can be a good idea to listen carefully to what the market is willing to give you, but you can't force the market to give you anything.
A double bottom can show the bears where the bulls are willing to make a stand. This can give confidence to the bulls and can make bears a bit less confident.
Possible small flag forming.
A Marubozu is a taller candle with no shadows, or wicks on the top or the bottom. This one is red, but there is also a green Marubozu candle. As a rule these candle may affect price on a very short basis and are a signal that continuation of the current trend may persist.
No recommendation
Can be a good idea to listen carefully to what the market is willing to give you, but you can't force the market to give you anything.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.