W Pattern Double Bottom Is a Reliable Bullish Trading Signal

Overview On both daily and hourly SP 500 FUTURES Renko charts, the W pattern Double Bottom is appearing; however, the confirmation is not quite there because the index failed to close above the recent all time high close, 4176.  Maybe Monday will be the day to confirm the W. What’s Next 4176 is key.  It… Continue reading W Pattern Double Bottom Is a Reliable Bullish Trading Signal

Successful W Pattern Double Bottom Propels Dow DJIA Higher

What Happened In the daily Renko chart, the W pattern Double Bottom is apparent.  Dow touched the low of 30560 twice, bounced off the low, and went up from there.  The only thing not yet confirmed is being able to close above 31920.   What’s Next On Friday, 3/5/2021, the February nonfarm payrolls expanded 379,000 and… Continue reading Successful W Pattern Double Bottom Propels Dow DJIA Higher