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The Double Bottom i.e two equivalent bottom which is identified is marked as A & B and the top between A & B is marked as C. The duration between A & B is 20- 30 days and volume is high, so the Double Bottom is qualified. Entry point is when the price goes above C and the Stop loss is the bottom B and the Target is equal to Stop loss.
| M | T | W | T | F | S | S |
|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | ||
| 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 | ||
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