DislikedThe last 180 minute bar is closing in 15 minutes and the last 2 are very much looking like a double bottom.
Using double bottoms to pick reversal points is very effective I think but what is the smallest time frame you would consider double bottoms valid on?
ON a 5 minute chart, a double bottom for me isn't really valid. BUt on a 60 min and for sure on a 180, I think a double bottom is a good indication of direction.
And if a double bottom forms at 201.15, what are your targets to the upside?Ignored
Chart patterns can be applied to any time frames , depending on your trading style.
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