Classic Double bottom pattern --> $1300 profits
5 min Emini Nasdaq 100
Hi,
How's it going lately.. market gapped up and immediatley closed the gap.. it went down further but started to rebound at around 2200, obviously there's strong support there..
I did not go long immediately,, today seemed like a volatile day.. but at 11:40, price started to bound back up again after briefly touching 2200, this time, price appeared to be forming a double bottom pattern...
Stochastics also went up and I longed 1 contract at 2205 and another 2 more contracts at 2207... This proved a good decision and price went up all the way to break through my moving averages and I exited at 2228 when stochastics started to turn down with $1300 profits.