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V-Bottom (Bullish Continuation)
Continuation pattern inside an uptrend: price makes a small V-shaped correction and resumes the uptrend by breaking above the prior high. Useful for adding to a position.
By the TradingCalculator.Pro team · Updated on · About us
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- Reliability: Medium
- Timeframes: 1H, 4H, D
- Continuation Pattern · Bullish
How to Trade
- Entry 1: buy on upside break of the last high prior to the V
- Entry 2: buy on retest of that high (now support)
- Stop Loss: below the V low
- Take Profit 1 & 2: project the swing distance prior to the V
- Confirmation: aligned with the larger uptrend (EMA50 rising)