Transitions between rising and falling trends are often signalled by price patterns.
Price patterns explain the characteristics of price movements.Flags are excellent chart pattern trading,relatively small risk and quick profits.Flags usually appear at the early phase of the trend.
Double bottom is one of the price patterns which gives us information about where to have long position.Below are the conditions to be satisfied to qualify it as double bottom/bullish trend
*Identify equivalent bottoms
*Duration bw the equivalent bottom should be min 1 month
*vol should be high at second bottom or while crossing neckline
We can have long position when it fails to sustain previous selling zone
(high top)