double bottom pattern VIPIND
50 moving average is one of the most commonly used moving average and it acts as a really nice support.
VIP had recently made a golden gross over and is then retraced back to its 50 moving average.
Its has taken a good support at the 50 moving average by baking a double bottom.
I prefer to put a stop little below the support and target for 2:1 ratio of the profit to loss
VIP had recently made a golden gross over and is then retraced back to its 50 moving average.
Its has taken a good support at the 50 moving average by baking a double bottom.
I prefer to put a stop little below the support and target for 2:1 ratio of the profit to loss
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