Looking for double bottom.
Need the following confirmations.
1. Market to slow down on lower time frame and form a structure just before entry e.g. on 5min time frame.
2. Price to cleanly break structure after hitting entry with a small initial rejection of structure.
3. Then take an entry at the 78.6% fib retracement from low to recent high in 5min timeframe.
Need the following confirmations.
1. Market to slow down on lower time frame and form a structure just before entry e.g. on 5min time frame.
2. Price to cleanly break structure after hitting entry with a small initial rejection of structure.
3. Then take an entry at the 78.6% fib retracement from low to recent high in 5min timeframe.