Double bottom breakouts occur where a market finds support at a previous low, and breaks back above previous resistance. In the Dow Jones hourly chart above we can see the lows that held on 10th and 17th of March; the question now is can we confirm and hold above the diagonal resistance line as support, and attack 12,800 again? Strong price action since Tuesday’s lows, no bearish candles at all on Wednesday. Keep an eye on volumes to see if this rally is sustainable.
Good trading
M005e & "M"
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