Trading Adam Eve Pattern

4/1/0711:46 PM

Eve-Eve Bottom

Targetß

Target2

Target2

Source: 'TradeStatioii

Long

Aprt)6

JulTO

Long

Source: 'TradeStatioii

Oct TO

110.00

90.00

80.00

70.00

60.00

Aprt)6

JulTO

Trading Adam-Eve Pattern

The above example shows a "Double Bottom" (Eve-Eve) pattern formation from the Research in Motion (RIMM) daily stock. RIMM formed a double bottom in May 2006 to August 2006. The middle spike was at $70. A "long" trade is triggered above the high of the breakout bar at middle spike.

1. Enter a "long" trade above $71.

2. Place a "stop" order below the low of the "Double Bottom" at $60.

3. Target the first "major swing high" prior to the pattern formation at $80. Secondary targets are set at the next "major swing high" or "major swing low" prior to the pattern.

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