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外汇短线交易策略

外汇交易心得

Double bottom reversal

the pattern is made up of two 外汇交易心得 consecutive troughs that are roughly equal, with a moderate peak 外汇交易心得 in-between.

Note that a Double Bottom Reversal on a bar or 外汇交易心得 line chart is completely different from Double Bottom Breakdown on a P&F chart. Namely, Double Bottom Breakdowns on P&F charts 外汇交易心得 are bearish patterns that mark a downside support break.

Although there 外汇交易心得 can be variations, the classic Double Bottom Reversal usually marks an intermediate or long-term change in trend. Many potential Double Bottom Reversals can form during a downtrend, but until key resistance is broken, a reversal cannot be confirmed. To help clarify , we will look at the key points in the formation and then walk through an example.

Prior Trend: With any reversal pattern, there must be an existing trend to reverse. In the case of the Double Bottom Reversal, a significant downtrend of several months should be in place.

First Trough: The first 外汇交易心得 外汇交易心得 trough should mark the lowest point of the current trend. As such, the first trough is fairly normal in appearance and the downtrend remains firmly in place.

Peak: After the first trough, an advance takes place that typically ranges from 10 to 20%. Volume on the advance from the first trough is usually inconsequential, but an increase could signal early accumulation. The high 外汇交易心得 of the peak is sometimes rounded or drawn out a bit from the hesitation to go back down. This hesitation indicates that demand is increasing, but still not strong enough for a breakout.

Second Trough: The decline off of the reaction high usually occurs with low volume and meets support from the previous low. Support from the previous low should be expected. Even after establishing support, only the possibility of a Double Bottom Reversal exists, and it still needs to be confirmed. The time period between troughs can vary from a few weeks to many months, with the norm being 1-3 months. While exact troughs are preferable, there is some room to maneuver; typically, 外汇交易心得 a trough within 3% of its predecessor is considered valid.

Advance From Trough: Volume is more important for the Double Bottom 外汇交易心得 Reversal than the double top. There should be clear evidence that volume and buying pressure are accelerating during the advance off of the second trough. An accelerated ascent, perhaps marked with a gap or two , also indicates a potential change in 外汇交易心得 sentiment.

Resistance Break: Even after trading up to resistance, the double top and trend reversal are still not complete. Breaking resistance from the highest point between the troughs completes the Double Bottom Reversal. Like advances, these should occur with an increase in volume and/or an accelerated ascent.

Resistance Turned Support: Broken resistance becomes potential support and there is sometimes a test of this newfound support level with the first correction. Such a test 外汇交易心得 can offer a second chance to close a short position or initiate a long.

Price Target: The distance from the resistance 外汇交易心得 breakout to trough lows can be added on top of the resistance break to estimate a target. This would imply that the bigger the formation is, the larger the potential advance.

It is important to remember that the Double Bottom Reversal is an intermediate to long-term reversal pattern that will not form in a few days. Even though formation in a few weeks is possible, it is preferable to have at least 4 weeks between lows. Bottoms usually take longer to form than tops; patience can often be a virtue.

Grow Your Advisory Practice

As 2021 gets underway, many of last year's financial trends 外汇交易心得 are poised to continue and virtual relationship management remains the 外汇交易心得 norm. For advisors who are looking to expand their practice, optimizing branding and marketing efforts is an important first step.

Dasarte 外汇交易心得 Yarnway, founder and managing director of Berknell Financial Group is familiar with these tactics. Over the past five years, he's 外汇交易心得 used them to expand his practice and his thought leadership 外汇交易心得 in the field. His advice for advisors: Play to your 外汇交易心得 strengths and don' t be afraid to try new things. In 外汇交易心得 a recent interview, Yarnway shared his tips for developing a professional brand—and growing your business.

Whether you're just starting out or looking to improve your existing strategy, a multi-pronged approach 外汇交易心得 can help you amplify your message and reach people where they are. This type of approach can include blog posts, newsletters, or even a podcast. If you're not sure where 外汇交易心得 to start, Yarnway recommends leaning into the things you like to do.

"For the person who is thinking about writing a book, you already have something that you are interested 外汇交易心得 in, you already have a subject matter that you love to talk about, now it's just letting your thought leadership 外汇交易心得 lead through the keyboard," he says . He also recommends creating a comprehensive ecosystem where your clients can access the content they want in the format they want it.

While it may feel overwhelming to develop this type of strategy if you're just getting started, Yarnway emphasizes that a slow and steady 外汇交易心得 approach can help you identify what works best for you and your firm. “It takes time to build an audience and build that credibility. If you give it some time, it'll grow for sure."

A comprehensive marketing plan is a great 外汇交易心得 starting point, but to experience true success you need to optimize and refine your strategy. This includes tracking your referrals and being responsive to feedback from clients and prospects.

A simple way of doing this is to create a questionnaire for 外汇交易心得 your incoming clients and ask them how they found your firm. You can either include a link directly on your website or email it to prospects as part of their onboarding 外汇交易心得 process. Once you receive some responses, you'll be able to 外汇交易心得 ramp up efforts that are generating referrals while refining those that are not delivering results.

Yarnway believes that measuring leads in 外汇交易心得 外汇交易心得 this way has been crucial to his firm's success. “These people are giving me their information on how they're reaching us and that gives me the data that I need to lean into more of what's working and say no to the things that are not working,” he explains.