Double Bottom A double bottom pattern is a reversal trend th | Coach

Double Bottom

A double bottom pattern is a reversal trend that indicates a change in momentum from the prior price action.

It depicts the sign of a 'W' on the price chart. The second low in this 'W' pattern encompasses the support level, verifying the double bottom pattern.

In the case of a Double bottom chart pattern, the stop loss should be placed at the previous low of the pattern.

The targets will be the previous resistance levels which was formed before by the price action

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