Duration between point A and B should be minimum 20 days
entry-1245
stoploss-1126
target-1364 (1:1)
, , Double Bottom
, , Double Bottom
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Hello, It’s a good try.
But to qualify the double bottom pattern, the first condition is that there should be two identical bottoms.
In this case, ‘B’ is not clear identical bottom as ‘A’. The Bottoms ‘A’ & ‘B’ may not be exactly matching but the difference should not be high. To my knowledge, the difference should be <3%.