Double Bottom

Post author By admin
Post date December 2, 2020

A Double Bottom is a chart pattern in which the price holds a low two times and fails to break down lower during the second attempt, and instead continues higher.In this pattern is characterized by a distinct drop in price, followed by a slight reversal with a second drop occurring to the same or similar level as the first before another, significant reversal so that the chart appears to take on the form of the letter “W“.

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