The two bottoms are equal, duration between the two bottoms is more than 20 days,Volume at second bottom is high. This gives a buy or long signal
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Stock Analysis
M | T | W | T | F | S | S |
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6 | 7 | 8 | 9 | 10 | 11 | 12 |
13 | 14 | 15 | 16 | 17 | 18 | 19 |
20 | 21 | 22 | 23 | 24 | 25 | 26 |
27 | 28 | 29 | 30 | 31 |
Bullish View
Bearish View
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Hi,
The double bottom is a bullish reversal trading pattern that emerges at the end of a bearish trend but here the bottom A has appeared after a bullish trend so it doesn’t qualify for double bottom pattern.