Hey @W3hunter this guy rubbishing your post, sounds like he...

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Chris2184

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08/10/24

21:56

Post #: 76034394
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Originally posted by 4sighttrader: ↑

Tab,

"he's graciously written "DOUBLE BOTTOM" on the chart provided"

Obviously that is the level that a double bottom may occur at and he has drawn the trend line to show that.

If trading breaks that trend line will you still be calling it a double bottom?

Do you think every price that trades down and tests it's lows is a double bottom?

How do you think triple bottoms occur?
A: a double bottom must occur first

What if support at this level doesn't hold?
A: well then it won't be a double bottom

It support doesn't hold at this level you could be picking them up at 5.

Whilst it is trading at a level that could create a double bottom, it still hasn't been confirmed.

I am offering a subjective unbiased view, unlike many who are now hoping it's a double bottom.

Similar to Chris with his MACD call and his one minute chart reversal, which didn't happen.
There was no confirmation then and there hasn't been one yet!!

That's not saying it may not occur!

There is no reason for such haste to call a DB except to want to prove to be right all the time.

Go and ask W3hunter, how many times TA doesn't follow what you think may happen.

TA offers probabilities to put odds in your favour when to buy and sell.
TA looks at both sides of a possible set up and trade, not just calling that something is a given.

At this point a double bottom is not a given.

Good luck to you!

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Hey @W3hunter this guy rubbishing your post, sounds like he needs some tips on trading

This is what we have to deal with…

ASN Price at posting: 7.5¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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(20min delay)
Last 6.8¢		Change -0.001(1.45%)		Mkt cap ! $94.15M

Open	High	Low	Value	Volume
6.9¢	6.9¢	6.7¢	$37.30K	549.2K

Buyers (Bids)

No.	Vol.	Price($)
2	83886	6.7¢

Sellers (Offers)

Price($)	Vol.	No.
6.8¢	102800	2

View Market Depth

No.	Vol.	Price($)
2	83886	0.067
2	175000	0.066
7	476429	0.065
2	220000	0.064
2	340000	0.063

Price($)	Vol.	No.
0.068	102800	2
0.069	359992	6
0.070	19745	1
0.071	3000	1
0.072	2234	1

Last trade - 16.10pm 11/11/2024 (20 minute delay)

ASN (ASX) Chart

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