DOUBLE BOTTOOM
The double bottom pattern is a bullish reversal pattern that typically forms after an extended downtrend. It looks like the letter "W" and indicates that the asset's price is likely to rise. Here's a breakdown:
Two Lows: The price reaches a low, bounces up, and then falls back to the same low level. These two lows form the bottom points of the "W."
Neckline: The high point between the two lows forms the neckline. When the price breaks above this level, it confirms the pattern.
Volume: Look for increasing volume on the second low and the subsequent breakout, as this strengthens the pattern's reliability.
The double bottom pattern is a bullish reversal pattern that typically forms after an extended downtrend. It looks like the letter "W" and indicates that the asset's price is likely to rise. Here's a breakdown:
Two Lows: The price reaches a low, bounces up, and then falls back to the same low level. These two lows form the bottom points of the "W."
Neckline: The high point between the two lows forms the neckline. When the price breaks above this level, it confirms the pattern.
Volume: Look for increasing volume on the second low and the subsequent breakout, as this strengthens the pattern's reliability.
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.