What Is the Double Bottom Reversal Pattern?
-It’s a reversal pattern or bullish pattern
-Begins with a downward pattern and typically ends with an upward pattern
-There can be double tops or triple tops between the double bottom
-Double bottoms take longer to develop than double tops
-Even if there is a double top between the double bottom, it is more important that there is a double bottom because it spans a longer period of time than the double top
How to Trade a Double Bottom Reversal Pattern
-Enter the stock somewhere off the second bottom
-Ideally, you should enter it after it crosses the resistance line (from the two tops that occurred earlier)
#stocktrading #chartpattern #doublebottom #tradingstocks #stockmarket
Posted at: https://tradersfly.com/blog/stock-chart-pattern-double-bottom/
? GET MY FREEBIES
? SUBMIT A VOICE QUESTION
? START HERE: FOR NEW TRADERS
? START HERE: OPTION TRADERS
? MY CHARTING TOOLS + BROKERS
? MY COMPUTER EQUIPMENT
? GET THE NEWSLETTER
? SEE OUR MEMBERSHIP PLANS
? STOCK TRADING COURSES
? STOCK TRADING BOOKS:
⚽ GET PRIVATE COACHING
? SOCIAL MEDIA:
⚡ SUBSCRIBE TO OUR YOUTUBE CHANNEL
? MY YOUTUBE CHANNELS:
? ABOUT TRADERSFLY
TradersFly is a place where I enjoy sharing my knowledge and experience about the stock market, trading, and investing.
Stock trading can be a brutal industry, especially if you are new. Watch my free educational training videos to avoid making big mistakes and just to continue to get better.
Stock trading and investing is a long journey – it doesn’t happen overnight. If you are interested to share some insight or contribute to the community we’d love to have you subscribe and join us!