What is Double BOTTOM? What are their conditions to determine the bullish trend?

[Padmavathi Sukumar]

Double bottom is when 2 equivalent bottoms are spotted within an interval of 1 month. The conditions for bullish trend are: Volume should be high at the second bottom. If this happens then long position can be created at breakout point (the point above the top between these 2 bottoms)

[R.Durga Prasad]

The line chart having two equivalent bottoms is called Double bottom.

It takes 1 month to form.

After two bottoms,if it crosses the neck line with high volume then we can determine it as Bullish trend.

[KRISHNA KUMAR MS]

Double bottom is in a line chart, when 2 equivalent bottoms are spotted within an interval of 1 month. The conditions for bullish trend are: Volume should be high at the second bottom. If this happens then long position can be created at breakout point (the point above the top between these 2 bottoms)

[Ravishankar]

Double bottom is a price pattern, where it used to find the bullish trend.

when we found double bottom with the interval of 1 month and it shows high volume in second bottom and crossing the neck line then we can call it as bullish trend where we need to create a long position.

 

[Vinoth Kumar]

Two Equivalent Bottom.  Volume at Second bottom should be high. Duration from one bottom to another 20 Days. Long position can be considered  above Previous High.

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