The double bottom occurrence is a price pattern indicative of bullish momentum upon a breakout on the upside.


We patiently wait for price action to guide on whether to follow price after the breakout or rebound downwards upon being resisted at the neckline.

Disclaimer: This analysis is for educational and general information only and not advice or a recommendation to trade or invest. Do your own research/analysis and don’t blindly enter trades based on the analysis.