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

[sreevalli]

The double bottom is the end formation in a declining market.  It is identical to the double top, except for the inverse relationship in price

 

[sreevalli]

diagram

[davidrajan]

The double bottom is the end formation in a decline market

[Lakshmisudha R]

Two consecutive equivalent bottom is Double Bottom

Volume should be high at Previous top

When the Price starts crossing the previous top point long position can be created

These are the conditions to determine the bullish trend

[Christopher]

We need to identify 2 equal bottoms that are double bottom, the volume of the second bottom must be high. Double bottoms can be spotted within a inverval of say 1 month. If we successfully identified a double bottom then we must create a long position on the breakout point price.

[Author]

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