double bottom

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Double bottom is a chart pattern, which can form at the end of a downtrend and visually resembles two troughs of a similar depth. For double bottom to count as valid, both bottoms should form a roughly horizontal resistance line. Double bottoms are reversal patterns, with a bullish breakout above the high formed between two troughs providing a viable trading opportunity. The posts under this tag show some examples of double bottom patterns in Forex.

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