This is how ASX 200 looks today
Is this the double bottom?
According to one explanation double bottoms look like the above. They are complete "when prices rise above the high end of the point that formed the second low".
The key point in the current situation is that there is only a week between the two bottoms, which makes it an unreliable chart pattern.
Is this the double bottom?
According to one explanation double bottoms look like the above. They are complete "when prices rise above the high end of the point that formed the second low".
The key point in the current situation is that there is only a week between the two bottoms, which makes it an unreliable chart pattern.
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