DislikedHello WBR why you don t agree with DT ? cause DT with NBT is not part of the rules ?Ignored
We could be seeing a fresh DT on AU right now.
Close Price VS Median Price (or other price types) 33 replies
House price data price action 1 reply
Why closing price is not the same as opening price? 1 reply
DislikedHello WBR why you don t agree with DT ? cause DT with NBT is not part of the rules ?Ignored
DislikedI was looking at that little double bottom where your number 3 is. Still learning though so could be way off!Ignored
DislikedHello WBR why you don t agree with DT ? cause DT with NBT is not part of the rules ?Ignored
Dislikedif you look at all P.Dean's posts where he has a DT/DB they all share the same characteristic
it makes a bottom/top then there is a few candles retrace, then it makes the same bottom/top, two candles next to each other which make the same bottom/top are not in there, otherwise there would be DB/DT's all over the place
the previous bottom/top should be in the recent PA (ie. not 6 hours ago), but not on the very next candle (IMHO)Ignored
Dislikedif you look at all P.Dean's posts where he has a DT/DB they all share the same characteristic
it makes a bottom/top then there is a few candles retrace, then it makes the same bottom/top, two candles next to each other which make the same bottom/top are not in there, otherwise there would be DB/DT's all over the place (although I can see in the 5 candles that make the number 3 there could be a case for a DB, just not what I would call Angelina Jolie's bottom)
the previous bottom/top should be in the recent PA (ie. not 6 hours ago), but not on...Ignored
Disliked:nerd:
nope, can't find it! if there were a pair of boobs on my chart maybe i was missing something but i thinks there is not
if your first top is the one we had 20 candles ago i don't consider that a double top because that top was done on another swing. the way i see them a DT or DB has to be made on the same swing. for instance right now we could be making one: bulls took it (AU) to 1.0370 area, came back some and are giving it another try. if they fail there is room down as they will need to unload the positions (short) that got in there...Ignored
Dislikedyep I saw it, I just didn't class it as Angelina's bottom - LOL (her top is not bad either)Ignored
DislikedI agree the DT is old and not relevant to that setup. However, the setup was an NBT so....
1. NBT setups don't need a DT/DB to be validated.
2. I believe NBT setups need support from prior ranging action S/R around the outer band area. This previous DT provided this.
Just my 2cIgnored
Dislikedbut the crystal ball says we won't get that far down. let's see if the crystal ball still has batteries...Ignored