Last Update:


The double bottom formation is the opposite of the double top formation. While all features are the same in general, the only difference is the direction. In this formation, two bottom points are seen clearly. When the price line crosses the relative necklines formed by the tops and proceeds a little, the purchase process begins. In the graphics below, you can clearly see the neckline and the point of a purchase drawn by the green line.
Some examples for double bottom formations:

Last Daily Analysis