How to Fix targets after Double Bottom ( Reversal Pattern)

27 November 2014, 12:38
kolioo77
0
261


 Double bottom is a  price actions where buyers and sellers become equal and new trend suppossed to be initialted in upside after confirming the breakout after upper resistance the targets are fixed the distnace between rough and tough h0 ,the target Tp1=h1=h0 and target Tp2 is fixed same above target1   Tp2=h0+h1.The image shown belows shows the fixing of targets 1 and target 2

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