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pm | Double Bottom Chart Pattern (30th Dec 24 at 7:07am UTC)
ProfitHills Education Pvt. Ltd. provides expert financial education, offering courses on forex, stock markets, and tradi | | Chart patterns are the key approach used by traders to estimate future market moves. In the field of reversal patterns, the Double Bottom is a well-known and trustworthy pattern. This pattern is a useful tool for traders seeking buying opportunities. It suggests a likely shift from a downward to an upward trend. In this blog, we will define the double bottom pattern in trading, as well as how to discover and apply it.
What is a Double Bottom Pattern?
Following a prolonged fall, a bullish reversal pattern known as a double bottom may emerge. There are two separate troughs, or "bottoms," at almost identical price levels. The troughs are separated by a peak known as the neckline. This "W" pattern shows that the market is now bullish.
https://profithills.com/understanding-the-double-bottom-chart-pattern-a-traders-guide/
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