The name of the pattern reflects the very essence

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But without success. In other words, it is a support zone to buy the asset with a subsequent change in the upward trend and taking profits at the top. In this article we will analyze: What is double bottom in trading How to Identify the Double Bottom Pattern What the double bottom pattern suggests in trading Difference between double bottom and double top How to Trade the Double Bottom Reversal Pattern Tips on Trading the Double Bottom Pattern Advantages and disadvantages of double floor Conclusion Frequently asked questions about trading the double bottom pattern What is double bottom in trading .

The “double bottom” figure is a price pattern that forms at the base of the asset and signals an early upward reversal. This chart pattern is part of Price Action technical analysis, which involves Peru Mobile Number List  price movement analysis without the use of additional technical indicators.  of the double bottom. The pattern is characterized by the formation of two lows, which are approximately at the same level. Between these two points a small bullish correction forms that gives the pattern its final shape similar to the letter "W". LiteFinance: Double Bottom Pattern: How to Trade Stocks .



Cryptocurrencies |  Llitefinance What the double bottom pattern indicates The double bottom pattern on the chart indicates that the asset has reached the strong support level for buyers. It is a reversal figure and signals a probable change from the bearish to the bullish trend. The pattern can be found in any financial market, including the stock market, Forex, crypto and commodities market. A more precise execution of the pattern can be expected in the medium and long terms, using the daily and weekly charts. The pattern also applies to intraday trading . It should be noted that the greater the distance between the two lows.