Shardy's Day Trading Journey - Day 13 - Easy Profits

Almost the weekend and what a way we are heading into it. I wanted to show you early what you could have done already today!

Yet again we have a perfect formation of a double bottom making for a large 5 point profit. On the chart you will see the 3 main points that you need for a potential double bottom.

• Point 1 is the formation of a new low and low of the day at this point.
• Point 2 is the pull back up. Point can also be a great sell opportunity as price entered the moving average marked by the blue circle.
• As it goes back down and tests the low this is when you can enter the trade. Price does test the low but then shoots back up completing the formation of the double bottom.
• Additionally, as price hits the top of the trend again that marks another great sell opportunity.

If all trades were taken you would have made a total of almost 15 points in less than two hours!