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.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.