SNX - Yes, another double-bottom
I keep finding these nice double-bottom setups across the board, so why not share it :)
SNX is currently trading at the range lows around 1.40-1.50$, think there is a decent chance we see SNX pushing into 3$ coming weeks, which would yield a nice ROI with a tight risk/reward.
I said this before, double-bottoms probably are the most reliable patterns you could ask for with a slim chance of failing. Of course, it can happen, but usually not without some bad news regarding the market (hacks, bans and the like).
Anyway, you should still have an idea upfront of what you want to see but more importantly what you DON'T want to see and adjust accordingly. Once in position stick to your plan as systemic as possible to limit your emotions - Because emotions such as fear and greed are going to cost you everything in the long run.
Stay safe!
SNX is currently trading at the range lows around 1.40-1.50$, think there is a decent chance we see SNX pushing into 3$ coming weeks, which would yield a nice ROI with a tight risk/reward.
I said this before, double-bottoms probably are the most reliable patterns you could ask for with a slim chance of failing. Of course, it can happen, but usually not without some bad news regarding the market (hacks, bans and the like).
Anyway, you should still have an idea upfront of what you want to see but more importantly what you DON'T want to see and adjust accordingly. Once in position stick to your plan as systemic as possible to limit your emotions - Because emotions such as fear and greed are going to cost you everything in the long run.
Stay safe!
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