Double bottom with equivalent bottoms spaced around 3 moths apart is a bullish pattern, provided higher volumes are associated at point B or at break of point C (high).
, , Double Bottom
, , Double Bottom
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Hi,
A double bottom is a reversal pattern that is formed after the previous downtrend. You can see from the chart above that you mentioned point A is followed by the sideways movement.
Got it.. will post another..soon. Thank you