Double Down Explosion Pattern
Filed under: Trading Patterns - 24 Jul 2008
Just when you think a stock will never stop dropping, or going up, it’ll change direction. Here’s three double-short ETFs that show a similar pattern.
1. A considerable drop
2. A quick buy signal, which fails just as fast.
3. An explosive move up from oversold conditions.
Tomorrow I’ll post the safe entry for these charts, that provide Huge Profit potential. In fact, it’s one of the most conservative trading patterns in my arsenal.
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Comment by Vlada Kynsky
Hi
I like double bottom with bullish divergence as well. I think it is quite reliable indicator.
To your first sentence that you never feel that markets stop falling and then they turn to opposite direction. I have the same. But whenever I have this impression it is start for me to go long.
I found your blog today and you have very good analysis. I enjoy reading.
Keep up good blogging
Regards
Vlada
Comment by Online Stock Trading
Thanks Vlada. I appreciate that.
Mike