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Double bottom

1. Introduction

Double Bottom is a bullish pattern, and the two bottoms are roughly on the same horizontal line. This pattern indicates that there may be a bottom reversal.

2. Feature

2.1 The two bottoms are roughly on the same horizontal line.

2.2 The two bottoms need to be separated by a certain time range.

2.3 The price has recently broken upward through the neckline.

3. Example

01119 has a Double Bottom Pattern on June 18, 2021.

This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors.  It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty as to its adequacy, completeness, accuracy or timeliness for any particular purpose of the above content.