you keep dancing around the fact that price action has already largely formed the requirements for a complete double bottom formation....and combined with other technical indicators, we have potential bullish price action on the weekly chart.
The currently pending price action will determine whether we continue to form and complete that double bottom....it's all about potential...
we are analysing potential.....and if you are not watching that potential, then you are not analysing the chart.
this genius thinks that you can only analyse potential bullish price action after the fact...after the breakout has occurred.
as in wait for the full double bottom to fully form...then wait for the neckline break....then wait for the backtest...then wait for the higher highs and higher lows...then wait...and wait..and wait...
I clearly marked my double bottom example with a green arrow....indicating potential future price action......and THAT IS THE POINT OF TECHNICAL ANALYSIS.
Potential future price action is precisely the point.
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Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.917M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 9148745 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 2183756 | 5 |
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| Last trade - 16.21pm 27/06/2025 (20 minute delay) ? |
| MEM (ASX) Chart |
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