The sequence for double bottom must be:
1.Two equivalent bottom.
2.Volume at point ‘B’ or ‘C’ should be high.
3.Duration between point ‘A’ and ‘B’ should be minimum 20 days.
4.Long position can be considered above previous high [point ‘C’].
In this chart the volume at point ‘C’ is higher
Hi,
Double Bottoms have to be formed after a significant downtrend but this stock seems like a range bound market.