What is Double BOTTOM? What are their conditions to determine the bullish trend?

[subbu]

Double bottom for bullish:

1) Two equivalent bottoms.

2)Volume should be high at second bottom or neck line.

3)Duration between two bottom should be minimum of 20 days.

[Sakunthala]

Double bottom is price trend of bullish reverse of double top.

Conditions:

Two equivalent bottoms with the duration of 20 days. Long positions can be considered.Volume should be high in second bottom where long position obtained.

[Sangeetha Subramaniam]

Double Top is a price pattern which is an extension of Dow’s Theory. The steps involved in determining the Bullish trend Double Top price patterns are:

• Similar to Dow theory the top and bottoms of the line chart is identified.
• Equivalent bottoms are identified.
• The period between these equivalent bottoms should be at least 1 month
• The volume during the second bottoms or neck line should be significant
• If the pattern breaks the in between top and moves above then a short position can be created.

[Murugan Thanikachalam]

Double bottom is a bullish trend.

Has 2 equivalent bottoms,with volume high at points B or C and duration between 2 bottoms should be 20 days.

[ragunathan]

Two equivalent bottom should be considered as Double bottom.

conditions:

1.The volume should be high at second bottom or at the point of Bullish trend line

2.Atleast 20 daysor 1 month gap is needed between bottoms.

3.Long position is considered at bullish tend point

[Author]

Posts