So, school is now back in session! What did I tell you? That we are going to talk about trading pattern in the carts, right?
The next one is the double bottom, right?
Well, being as cool as you are you have probably already guessed that it is pretty similar to the double top, right? Well. Of course!
As you can see from this example, double bottom is just a reversed double top – hence, when the price reached a low point it can retreat a little bit and reach a low level once again. And we can see the beginning of the new trend in case the second low is not as low as the first one. BUY, BUY, BUY – of the charts could scream that is what we would hear in the situation like that.
So, what are you going to do with all that money you are going to win with that? I am thinking Hawaii!