ilmscore | Double Bottom Pattern Predictions
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Double Bottom Pattern

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Recent Predictions

Total: 5
Correct: 0
Incorrect: 0
Pending: 5
Unrated: 0
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A double bottom pattern is characterized by the market forming a support level, bouncing to resistance, and then re-testing that same support level, finding support again.
"for a double bottom that's what we're looking at right now here on the euro yen for this pattern wha..."
The Trading Channel (The Trading Channel) The Trading Cha...
Mar 12, 2021
Pending
The Only Technical A...
A double bottom pattern requires observing two green candles during the upward push after the first bottom.
"i need to see two green candles pushing back up for a double bottom"
The Trading Channel (The Trading Channel) The Trading Cha...
Aug 29, 2020
Pending
Master These Simple ...
The termination zone for a double bottom pattern is where a candle touches the body of the pattern but does not close below the initial bottom's low.
"for a termination zone with my double bottoms what i look for is a candle that at least touches the ..."
The Trading Channel (The Trading Channel) The Trading Cha...
Aug 29, 2020
Pending
Master These Simple ...
A green candle serves as confirmation for a double bottom pattern, signaling a potential upward market push and reversal.
"and then give me a green candle to tell me that this double bottom could push the market higher in t..."
The Trading Channel (The Trading Channel) The Trading Cha...
Aug 29, 2020
Pending
Master These Simple ...
For double bottom trades, the stop-loss is placed below the pattern's low, with targets set at previous structure levels.
"my stop-loss would go below the low of this double bottom my target and this specific case would pro..."
The Trading Channel (The Trading Channel) The Trading Cha...
Aug 29, 2020
Pending
Master These Simple ...