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When two equal bottoms are formed and duration between the two bottoms are one month high volume at the second bottom our at the breakout point and trends to move in the upward direction this qualifies for bullish trend.
two equivalent bottoms with interval of minimum 20 days
With high trade volume on second bottom or at the break out region is considered double bottom
the break out region of the previous top is bullish trend
if you bottom 2 consecutive bottom and it is formed with min 1 month duration then it is double bottom. it should have high volume at second bottom. if the second bottom rises up and crosses the previous top then create long position at this point
This ia a reversal pattern. Seen after a downward trend.
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<li style=”text-align: center;”>2 equvalent bottoms with a month gap between the 2 bottoms and if there is a breakout after the second bottom with a high volume either at the second bottom or at the breakout point , this can be considered as a bullish reversal.
You can take a long position at the breakl out point.
2 equavalent bottoms at
<p style=”box-sizing: border-box; margin: 0.85em 0px; direction: ltr; color: #777777; font-family: ‘Roboto Slab’; font-size: 13px;”>Double bottom is characterized by two equivalent bottoms with interval of minimum 20 days between them,and with high trade volume on second bottom or at the break out region .Long position should be created if the breakout region crosses the previous top,which indicates a bullish trend.</p>
<p style=”box-sizing: border-box; margin: 0.85em 0px; direction: ltr; color: #777777; font-family: ‘Roboto Slab’; font-size: 13px;”></p>
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