How to Trade the Double Bottom Chart Pattern

How to Trade the Double Bottom Chart Pattern. A double bottom chart pattern is a strong bullish price action signal that occurs at the end of a downtrend. It happens when an equal, or almost equal, low forms during a downtrend, instead of another lower low.

The idea behind the pattern is that failure to make another lower low could be a signal of momentum leaving the trend. The first low in the pattern becomes support that provides a strong bounce for the second, equal low.

• Book Name: How to Trade the Double Bottom Chart Pattern
• Book Type: eBook 
• Book Category: The Stock Market Books

{getButton} $text={Download Now} $icon={download} $color={Hex Color}