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The inverted double top is known as a double bottom pattern.the time period in 20 days.Volume should be high at the 2nd bottom.
<span style=”color: #222222; font-family: arial, sans-serif;”>The </span><b style=”color: #222222; font-family: arial, sans-serif;”>Double Bottom</b><span style=”color: #222222; font-family: arial, sans-serif;”> Reversal is a bullish reversal </span><b style=”color: #222222; font-family: arial, sans-serif;”>pattern</b><span style=”color: #222222; font-family: arial, sans-serif;”>typically found on bar charts, line charts and candlestick charts. As its name implies, the </span><b style=”color: #222222; font-family: arial, sans-serif;”>pattern</b><span style=”color: #222222; font-family: arial, sans-serif;”> is made up of two consecutive troughs that are roughly equal, with a moderate peak in-between.</span>
Two equivalent bottom in charts.
duration between two bottoms is minimum 20 days.
volume at point B or point C should be high.
long positions can be considered above previous high (point C).
Double bottom is an indication for a bullish trend.
-> Two equivalent bottoms.
-> Volume at the exit point should be high.
-> Minimum duration to consider is 3 weeks.
-> Long position can be created with the previous high.
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