1-Mar

CVA– a 1,2,3 Lower Bottom by Grant C

I couldn’t help but notice that CVA, one of our Spikers picks is a variation of the 1,2,3 Bottom pattern that I like. I call this pattern the 1,2,3 Lower Bottom, or LB. Since pt #3, or the second spike down closes below spike #1, my rules won’t let me buy until it reverses back and closes above the low of the spike #1 bar. That condition was met with the last bar’s close, so various entry strategies can now be implemented. The pattern would be voided if CVA closed back below the spike #1 close, or around 16.60.

Leave a comment

Subscribe to Our Updates

Terms of Service | Privacy Policy | Refund Policy

SpikeTrade © 2024. All Rights Reserved.