Topic: Figures of TA work or not? (Read 55 times)
Already it became clear that the double bottom did not work, the TA in the crypt does not work(( Let's wait for news!
I do not think that TA works on the crypt, it works more news as I see recently, but of course it will be interesting to look at the result, it's a little left to wait
Do the figures work for TA on the crypt or not? Will be a good opportunity to check.
After a long bearish trend, the price clearly painted the reversal pattern "double bottom". All according to the textbook:
1. Downward trend in front of the figure.
2. The first bottom is the local minimum.
3. After the first bottom, the ascent is 15%.
4. The second bottom is at lower volumes.
5. Price growth and completion of the formation of the figure by crossing the resistance line (pink line on the screen).
6. The resistance line turns into a support line.
7. Purpose for Price: resistance line + (resistance line - second bottom) = $ 10100.
The price should reach the level of 10000 $ -10200 $ till the end of tomorrow. So let's see if there is any sense in looking at the figures of TA in the crypt or not.
P.S. I will be very grateful for the evaluation of the post!
After a long bearish trend, the price clearly painted the reversal pattern "double bottom". All according to the textbook:
1. Downward trend in front of the figure.
2. The first bottom is the local minimum.
3. After the first bottom, the ascent is 15%.
4. The second bottom is at lower volumes.
5. Price growth and completion of the formation of the figure by crossing the resistance line (pink line on the screen).
6. The resistance line turns into a support line.
7. Purpose for Price: resistance line + (resistance line - second bottom) = $ 10100.
The price should reach the level of 10000 $ -10200 $ till the end of tomorrow. So let's see if there is any sense in looking at the figures of TA in the crypt or not.
P.S. I will be very grateful for the evaluation of the post!
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