DislikedMaybe as a stand alone DBLHC setup it is not the best setup by the reasons you mentioned; not as a swing low, etc.
But as a consolidation breakout trade its up with the best of them. Especially with the DBLHC as an indication to provide that breakout, meaning the momentum it provided behind the breakout. Nice Space too.. . . I like your target as well.
Another example of this would be the breakout at the check mark, June of this year.Ignored
Thanks Jarroo
I have seen these little breakout DBLHC / BUOB work so many times at this precise location (after the Head + Shoulders / Triple bottom)
It was not an A setup but I was fully aware of the risk. It just looked right.
Thanks J16