HOW TO TRADE WITH DOUBLE BOTTOM CHART PATTERN ? SEE HOW

WELCOME TO THE LECTURE OF TRADE WITH QMN.

- THE DOUBLE BOTTOM (W) CHART PATTERN IS MENTIONED IN TECHNICAL ANALYSIS, DOUBLE IS USING FOR TREND REVERSAL / MOMENTUM. VERY SIMPLE AND BEST STRATEGY I AM GIVING, IN THIS STRATEGY YOU NEED TO BE MAINTAIN YOUR PATIENCE AND DISCIPLINE FOR BEST ACCURACY.

*FIGURE OF DOUBLE BOTTOM

DOUBLE BOTTOM

VERY EASY TO FIND DOUBLE BOTTOM PATTERN IN INDICES OR STOCKS.

* TRADING STRATEGY OF DOUBLE BOTTOM - I

DOUBLE BOTTOM SUPPOT / BOS SUPPORT

DRAW A HORIZONTAL RAY ON LAST LOWER HIGH WHICH IS CALLED BOS SUPPORT / DOUBLE BOTTOM SUPPORT.

* TRADING STRATEGY OF DOUBLE BOTTOM - II

CONSOLIDATION AND MOMENTUM OF DOUBLE BOTTOM

IF YOU CHOOSE THE TARGET OF HIGHER THEN LAST HIGH. THEN, STICKTLY FOLLOW YOUR TARGET AND HOLD YOUR POSITION FOR BEST PROFITS WITH PATIENCE.

SET STOPLOSS OF ONLY 5 TO 6 POINTS.

* ENTRY, EXIT AND RISK REWARD RATIO - FIBONACCI METHOD

ENTRY WITH FIBONACCI RETRACEMENT

IF YOUR CONCEPT IS NOT CLEARED ABOUT SUPPORT, THEN YOU CAN ENTER WITH FIBONACCI RETRACEMENT 0.5 LEVEL AND KEEP TARGET ABOVE FIB.0.786 LEVEL AND MAINTAIN STOPLOSS FIB.0.382 LEVEL WHICH IS BEST RISK REWARD.

* ENTRY, EXIT AND RISK REWARD RATIO - SIMPLE METHOD

ENTRY, EXIT AND RISK REWARD RATIO

- R:R RATIO - 7:96 ( BEST RISK REWARD )

- TARGET IS HIGHER THEN LAST HIGH

- STOP LOSS IS DEPENDS ON YOUR RISK.

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