Technicals Stability Returns
| Double Top | Double Bottom | Triple Top | Triple Bottom |
| Triangle | Head and Shoulder | Flag and Penant | Channel |
| Cup And Handle | Support By Daily Trendline |
Gap between the two bottoms should be at-least 5-10 trading period. In case of short term traders it can be as low as few minutes and few months for long term traders. For traders who trade based on Daily closing price may want to have at-least 5-10 trading session between two bottoms. In TopStockResearch.com, we try to identify double bottom pattern based on at-least three different period with gap varying from 5 days to a month. If the gaps are too close then it may indicate a short term Support Basics and in longer term it indicates downtrend move. Double bottom pattern is a bullish reversal pattern. What it means is, the relevance is high only when the stock is in downtrend and has no or little meaning when the stock is in consolidation zone. Traders are strongly advised not to get confused with consolidation zone. It is one of the most commonly formed pattern and easy to identify. Its reliability is as good as 70-85% when Volume is taken in consideration.
We at top stock research try to screen stock movement to find possible candidates for double bottom formation. We deliberately identify these stocks slightly before there formation to give heads up to potential traders and not after their formation thereby limiting the scope of returns for them. Please note that not all screened stocks actually form double bottom. All we want our investors to keep these stocks in their radar. With our site please also note that we do mention, price and volume of the stock at both the bottoms and at the midpoint.
Our website provides free Stock screening based on:
Double Top Chart PatternDouble Bottom Chart Pattern
Reports based on Double Top/Bottom patterns for short, medium and long term can be found at:
Double Top Report Double Bottom Report
As you have now learn better about the double bottom pattern, with this double bottom stock screener,
we hope you will be able to take advantage of it in much better way.
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