Nas100 trade set up

16 במרץ 2023

Double Bottom Strategy: wait for price to break 50ema, then form a low price will then pullback forming a neckline. If price has formed a wick on the first low, draw a box from the wick to the body of the candles. Entry at candle breaking the neckline. Using the Atr we can measure the size of the candle that breaks and closes above the neckline and we add that number of pips to the low of the DB.