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@stockarchitect Thanks A double bottom is a charting pattern used in technical analysis. It describes the drop of a stock or index, a rebound, another drop to the same or similar level as the original drop, and finally another rebound. The double bottom looks like the letter “W”. The twice-touched low is considered a support level. As with all chart patterns, a double bottom pattern is best suited for analyzing the intermediate- to longer-term view of a market. Generally speaking, the longer the duration between the two lows in the pattern, the greater the probability that the chart pattern will be successful. At least a three-month duration is considered appropriate for the lows of the double bottom pattern, in order for the pattern to yield a greater probability of success. It is therefore better to use daily or weekly data price charts when analyzing markets for this particular pattern. Although the pattern may appear on intraday price charts, it is very difficult to ascertain the validity of the double bottom pattern when intraday data price charts are used. www.stockarchitect.com #stockarchitect #india #stockmarket #investing #investor #technicalanalysis #technicalanalyst #trader #trading #charting #charts #learning #daytrader #technicalthursday #Stocks #Business #Finance #Economy #Markets #Money #Entrepreneur #FinTech #Trade #Dreams #Investor #MarketNews #Cash #Daytrader #Invest #Investment

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