Double Bottom

The opposite of Double Top is Double Bottom. This pattern represents a very potent signal for the share price to go up in the near future. When the first bottom is form, there is a support level established from the bottom so when price reach that support level again, buyer are much more confident to buy that share at that price which cause the share to rise. The Double Top and Double Bottom pattern are two very basic yet useful pattern for share trading in general. You will see it quite often on the share price chart.

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