A double bottom pattern is a classical pattern that indicates a change in trend and a shift in momentum from bearish to bullish. It is composed of two consecutive troughs that bottom out at roughly the same price level. This level acts as a support for the price. The double bottom formation is a bullish reversal pattern that is created after a prolonged downtrend. In order to identify this pattern, you will need to look for the following:
1. Two distinct troughs that bottom out at roughly the same price level.
2. A moderate rally in between the two troughs, creating a resistance.
3. A break above the resistance after the 2nd trough is formed.
If you see a chart with these characteristics, you have recognized a double bottom pattern.
This pattern is regarded as a very reliable reversal signal, and traders frequently use it to enter long positions.
1. Two distinct troughs that bottom out at roughly the same price level.
2. A moderate rally in between the two troughs, creating a resistance.
3. A break above the resistance after the 2nd trough is formed.
If you see a chart with these characteristics, you have recognized a double bottom pattern.
This pattern is regarded as a very reliable reversal signal, and traders frequently use it to enter long positions.
Nota
Liquidation MapShort 🩸 🩸🩸 3 M ⚠️ -> $4.48
Longs ✅✅ ✅ 300 k -> $3.6
Nota
Liquidation MapShort 🩸 🩸🩸 5.32 M ⚠️⚠️⚠️ -> $ 4.5
Longs ✅✅ ✅ 100 k -> $3.12
Operación activa
The upward price explosion liquidating the shorts can be monstrous.Operación activa
The idea is still valid. ✅✅✅It is a long-term position 💎💎💎
Operación activa
First resistance 4.5 -> BROKEN ✅Second resistance 5.7 -> In progress 💎
Operación activa
First resistance 4.5 -> BROKEN ✅Second resistance 5.7 -> BROKEN ✅
Operación activa
Thanks to everyone who supported me, enjoy the profits. This is for the long term!
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.