Chart Patterns – Double Tops and Double Bottoms
May 26th, 2010 by Marubozu
Tag Archive for 'Double Bottoms'
Genting Singapore – Trading Within a Range
May 11th, 2010 by Marubozu
Genting Singapore looks like trading within a range from $0.86 (50% Fibonacci Retracement Level)to $0.969 (61.8% Fibonacci Retracement Level). It looks like a good pattern to trade if Genting continues to move within this range until the breakout. From the chart, a mini double bottoms has been formed and Genting may be forming a mini double [...]
UNG – Return to the Falling Wedge
November 3rd, 2009 by Marubozu
UNG failed the breakout from the channel and returned to the falling wedge. $9.00 is a critical support level and if UNG bounces back from this support, a double bottom will be formed. If this support is broken, UNG will continue to go south to its historical low until the next support of $7.072. Formation [...]