Double Bottom Chart Pattern

  

price 1250৳    Saree Code JS10

* নরমাল ওয়াশ,

আধুনিক ও রুচিশীল ডিজাইন।

★★জামদানী শাড়ির সমাহার★★

 #শাড়ির মাপঃ ১২ হাত। ব্লাউজ নাই। কালার গ্যারান্টি।

The Double Bottom is a bullish reversal pattern that is formed after the downtrend. Double bottom chart pattern occurs at the bottom of a downtrend.

The double bottom pattern is also known as the W chart pattern.

Double Bottom Chart Pattern

After the downtrend, you can see a double bottom pattern. In this you will get to see two supports and one resistance.

Both supports can be equal or slightly above or below each other. But will always remain below the resistance.

Let us now know how to make a position in the market with the help of double bottom pattern. When to enter the market, where to put stop loss, what should be our target.

Trade Setup – Double Bottom Pattern

Trade Setup – Double Bottom Pattern

Where do you see the resistance. With the same resistance you have to draw a horizontal line. You can also call this horizontal line as neckline.

As soon as any candle gives a breakout of the neckline. From that on the next candle you can make your position in the market.

The candle that gave the breakout of the neckline. You can place your stop loss below the low of that candle.

If we talk about the target, then all the points are there from the first support to the resistance. You can target the same number of points.

You can clearly see the W pattern i.e. double bottom pattern in the example.

Example 2 – Double Bottom Pattern

Double Bottom Chart Pattern