MEM Discussion, page-244

  1. 1,873 Posts.
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    This person thinks that a double bottom needs to look exactly like the textbook for it to be valid (in reality price action on real life charts do not follow exact textbook patterns as displayed in text books).....this person also thinks that a double bottom in formation is not of interest a technical indicator...

    The ignorance of this person's statement should be apparent to all....

    By the way here is an example of a double bottom in textbook versus reality....oh, and this DB has not broken the neckline yet either, so according to Rainmaker....we should all declare it invalid (such a position is so silly, so arrogant, so ignorant).

    https://hotcopper.com.au/data/attachments/6974/6974832-a2053b4849ed46008a81ff630b3c6ee3.jpg



 
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