Hey Folks! Here is an example of a Double Bottoms and Double Tops Chart Patterns. This is often observed in Technical Analysis, and referred to as reversal chart patterns.
A Double Bottom happens after a downward trend and it creates two support points (1 & 2). After which, there will be an upward trend that goes beyond the resistance neckline. Whilst a Double Tops happens after an upward trend and it creates two resistant points (1 & 2). Then it will be followed by a downward trend that may break thru the neckline of the support level.
Disclaimer: This analysis is for informational purposes only and is not a recommendation to buy or sell anything.
A Double Bottom happens after a downward trend and it creates two support points (1 & 2). After which, there will be an upward trend that goes beyond the resistance neckline. Whilst a Double Tops happens after an upward trend and it creates two resistant points (1 & 2). Then it will be followed by a downward trend that may break thru the neckline of the support level.
Disclaimer: This analysis is for informational purposes only and is not a recommendation to buy or sell anything.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.