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Please look at ITC chart (09/10/2019). Its triple bottom. So can I expect it will founds support here? Please give your expert opinion. Its a learning post, not buy or sell recommendation.
ITC has triple bottom but check out the length between the legs. I mean time gap between the three legs. রিসেন্ট leg টা অনেক দ্রুত তৈরি করছে। so, এই bottom sustain করবে না মনে হয়। আর bottom create করলেই trade করা যাবে না। আপনাকে uptrend confirmation এর জন্য wait করতে হবে।
How down trend line is profitable in double top chart and you show stop loss line above entry level ? we know up trend is profitable. I don’t understand those. Please explain.
I showed this just as a theoretical purpose. We don’t have Short Market, this is an example of shorting a stock. In the short market, you can sell a share at a higher price and buy it at a lower price, the difference is your profit.
If the candlestick in a double bottom pattern is a hammer (the low is one of the bottoms), is that a less reliable double bottom than the case where the bodies of the candlesticks define the pattern?
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