Midday Double Bottom Trading Ideas



The double bottom has once again fallen back below 2310, currently focusing on a triangle range consolidation, trying to stay within the structure. If the lower boundary of the triangle is effectively broken downward, the recent low tested yesterday will likely not hold, and the market will further test the 2235 support level. To halt the decline and stabilize, it is necessary to regain above 2310, which could then lead to a push towards 2379.

Trading suggestions:
• Break above 2317 with volume, go long on the right side, with strict stop-loss
• Break below 2280 with volume, go short on the right side, with proper stop-loss
• Rebound to 2229 to confirm support is effective, consider going long, with stop-loss below 2182
• Stand firm above 2317 on the hourly level, with targets at 2346-2376;
Reach 2376 for a short position, with a stop-loss above 2417.
• Left-side pin insertion: go long near 2176, with stop-loss below 2132.
• If the 4-hour level breaks below 2281, look for a drop to 2220-2159 below.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin