AAVE(1HTF) DOUBLE BOTTOM
DOUBLE BOTTOOM
The double bottom pattern is a bullish reversal pattern that typically forms after an extended downtrend. It looks like the letter "W" and indicates that the asset's price is likely to rise. Here's a breakdown:
Two Lows: The price reaches a low, bounces up, and then falls back to the same low level. These two lows form the bottom points of the "W."
Neckline: The high point between the two lows forms the neckline. When the price breaks above this level, it confirms the pattern.
Volume: Look for increasing volume on the second low and the subsequent breakout, as this strengthens the pattern's reliability.
The double bottom pattern is a bullish reversal pattern that typically forms after an extended downtrend. It looks like the letter "W" and indicates that the asset's price is likely to rise. Here's a breakdown:
Two Lows: The price reaches a low, bounces up, and then falls back to the same low level. These two lows form the bottom points of the "W."
Neckline: The high point between the two lows forms the neckline. When the price breaks above this level, it confirms the pattern.
Volume: Look for increasing volume on the second low and the subsequent breakout, as this strengthens the pattern's reliability.
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.