- two equivalent bottoms are seen in A & B
- volume at point B is high
- duration between point A & B is 39 days
- long positions can be considered above point C which is marked with respect to previous high
, , Double Bottom
, , Double Bottom
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Hi,
The double bottom works very well when it actually appeared at the end of the downtrend… In this case, the prior trend from Nov to Jan seems to be an uptrend movement.