History repeating itself with SAR price. Last double bottom back in early Sept at .34 is the next re-entry for this trader. Bollinger Bands are indicating the SP to fall further to this level with the daily chart showing .34 as support. Supporting this is that the last 2 candles formed a bearish engulfing pattern; with the day finishing with a black marubozu. Strategy is to keep an eye on the bottom BB; waiting for the band to straighten or curve upward which will give an indication that the sellers are done and the buyers have come to play. Allowing a further 3 - 5 trading days for consolidation should give a low risk entry. All IMO.
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history repeating itself
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