The Double Bottom is a bullish reversal pattern. It's in bearish market that we can see this W configuration appear, this one will mark a shortness of breath of the bearish trend, then a bullish reversal of the trend.
The figure is validated when the stock price breaks out the neckline, the highest point between the two bottoms. The theoretical objective of this configuration is obtained by adding the height of the Double Bottom to the neckline, it is common to see a pullback on the neckline before reaching the objective.
The Double Bottom indicator allows you to identify this pattern on charts by indicating them with :
Different display options available.
Many parameters can be adjusted to display only the Double Bottom that meet your criteria. All these settings are made without modifying the code, in a very simple way in the configuration menu of the indicator.
Adjustable validation criteria :
Available filters :
Display Options :
Video user guide (english subtitles available) :
Details of available settings :
Disclaimer
Our proposed tools (indicators and screeners) are not investment advices but tools allowing everyone to find specific graphic configurations.
Investing in the financial markets involves risks up to and including the total loss of capital.
The user of the proposed tools understands and accepts that the use of these tools is under his sole and entire responsibility. P2C Trading declines all responsibility in the use of the tools and the consequences that would result.
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