...on What is Obviously a Double Bottom
Accumulation Schematic. After a Sign of Strength, we SHOULD come back down to Preliminary Support that is no longer "preliminary" but actual "support." Which is to say, "Resistance has become support." I'll follow up with an update to this publication to post a chart with a depiction of what I'm talking about.
Very sorry I missed this. Normally, with a double bottom
, the center between the two bottoms will come up higher than preliminary support. They fooled me on this one. Also note something else, THEY WAITED UNTIL THE INDICATORS IN MOST EVERY TIME FRAME HAD THE RED RSI
AND BLUE LSMA
IN GODMODE AT OR ABOVE 80% TO CATCH EVERYONE BY SURPRISE. I will certainly not forget the Stochastic RSI
shaped like a cup and handle
. I hope everyone else remembers this one as well.