More aggressive targets are double the distance between the two lows and the intermediate high. A double bottom pattern is a classic technical analysis charting formation showing a major change in trend from a prior down move. The double bottom pattern looks like the letter "W." The twice-touched low is considered a support level.
What is a V-bottom pattern?
The V-bottom pattern derives its name from the V shape formation that appears when price momentum switches from an aggressive selling to an aggressive buying state. What is the V-Bottom Pattern? What is the V-Bottom Pattern?
What is an inverted double-bottom pattern?
An inverted double-bottom pattern is a bearish reversal pattern that is the opposite of a double-bottom pattern. It occurs when a security’s price reaches a high point, falls, then rises back to the same high point before falling again.
What is a rounding bottom pattern?
The Rounding Bottom Pattern can be used on your trading platform charts to help filter potential trading signals as part of an overall trading strategy. The Rounding Bottom is an interesting pattern that suggests a reversal from bearish to bullish. Generally, a rounding top will also represent a bearish future outlook for the currency pair.
