what is the double bottom pattern?

What is the double bottom pattern?

WHAT IS DOUBLE BOTTOM PATTERN : Double bottom pattern ak type hoti ha trend reversal pattern ki or ya huma dakhna ko mil jata ha bar ya phir Japanese candlestick charts ma. Ya pattern opposite ma hota ha double top pattern ka, jo ya double bottom pattern ha is ma two bottom levels hota ha jo ka neara hota ha same support line ka or is ma ak neckline bhi hoti ha jab price bounces back karti ha or start karti ha next bullish ka uptrend ko. Q ka ya bullish reversal pattern ha, to is liya double bottom ki formation commonly dakhna ko mil two last attempts ma or ya break karta ha support level ko. Is pattern ko considered kiya jata ha momentum bullish reversal pattern ki trha sa or is ko primarily used kiya jata ha or is ma bahot sa traders enter karta ha long buying ki positions ko. Double bottom pattern ak bearish momentum reversal pattern ho ga jo ka dakhna ma letter W ki shape ma ho ga. Is double bottom pattern ki formation bahot zada effective hoti ha jab ya end ma banta ha strong downtrend ka or ranging market ma ya zada effective ni ho ga. Is pattern ko confirm karay ga or technical analysis tools ko use kar ka. HOW TO IDENTIFY AND USE DOUBLE BOTTOM PATTERN : Is double bottom pattern ko identify karna trading chart ma fairly simple ho ga. Ya pattern identified ho ga jab price detests karay gi support line ko or rises karay gi up ma phir sa a ovaa ma neckline par. Is pattern ko usually jo dakha jata Ha or identify kiya jata ha W ki shape ma formation ko. Jasa ka abova ma usd/cad ka daily chart ko dakh sakta ha is ma pair ma first or second lows bana ha or neckline bana ha. Or jab breaks ho ga above ma neckline ka to jo forex pair ho ga ya continues ho ga trade ko higher ma karna or bullish trend is ma start ho jay ga. Ya below ma kuch points ha jin ko follow kar ka trade or identify kar sakta ha double bottom chart pattern ko forex market ma: 1: Is ma find karay ga retest ko first bottom ma or is ma draw karay ga support line ko jis ma first or second bottom price levels ka hit karay ga. 2: Try karay ga is ma identify karay ga first or second tops ko or draw karay ga neckline ko or ya is top levels ka near ma ho ga. 3: Is ma wait karay ga jab first candle completed ho jay ge jab price breaks above ma ho jay ge neckline ka. 4: Enter karay ga long buying position ko or is ma tight stop loss order ho ga or ya below ma ho ga neckline ka. HOW TO TRADE USING DOUBLE BOTTOM PATTERN : Jasa ka bahot sa or chart patterns or technical indecators ki trha sa is ma bhi bahot sa ways hota ha double bottom pattern ka bannay ka price chart ma. Hum find karay ga is pattern ko trending market ma jab long downtrend end ho raha ho ga or ranging market ho ge jis sa price consolidates ho rahi ho ge or fails break below ma ho ga support line ka. Sara cases ma jab traders identify karay ga double bottom ki formation ko or is ma wait asset's ki price ka break hona ka above ma neckline ko or is ma sirf enter karay ga long position ko. DOUBLE BOTTOM CHART PATTERN AT END OF A DOWNTREND : Double bottom chart pattern ak bahot hi effective pattern ha jab ya banta ha downtrend ka end ma. Is time ma price ma potentially reverse ho ga or price move up ma ho ge higher. Is below example ma dakh sakta ha is ma clear W ki formation hoi ha or ya end ma bana ha bearish ka trend ka. Is ma dakh sakta ha ka jo price ha ya breaks kar rahi ha above ma neckline ko, usd/cad ka moves up ma higher ki traf hona ka or is ma jo momentum ho ga ya shifted ho ga. DOUBLE BOTTOM CHART PATTERN IN A RANGING MARKET : Ya double bottom pattern huma dakhna ko mil jay ga end ma downtrend ko, or ya pattern huma identified ho jata ha ranging market ma. Jasa ka below ka chart ma ya show ho raha ha, is ma price first or second lows ko or neckline ko banay ge,agar is time ma ranging market ka mod ho ga. Jab price rises above ma ho ge neckline ka, to is ma shift ho ga momentum ho ga or market ka jo sentiment ho ga ya turns ho kar bullish ma jay ga. Is ma traders ko strong upward ka signal mil raha ha or traders is pattern ma long term buy ke trade ko enter karay ga or is ka jo stop loss ho ga is ko lower ma jo bottom ho ga os ma Place karay ga. ADVANTAGES AND DISADVANTAGES OF DOUBLE BOTTOM PATTERN : Is double bottom pattern ki advantage ya ha ka agar is ma price ka breaks hota ha above ma neckline ka to is ma high probability ho ge next bullish trend ka long or sustainable ko. Or ya pattern huma multiple chart time frames ma dakhna ko mil jay ga or is ki advantage ya bhi ha ka is ko identified karay ga trending or ranging markets ma. Or is double bottom pattern ki jo disadvantage ha wo ya ka kuch cases ma ya double bottom pattern ki formation dakhna ma triple bottom ki trha sa ho ge or jo stop loss ho ga is ma loss ka triggered ho ga. Or is ma ya disadvantage ho ge to ya trading strategy bahot hi suited ho ge day traders ka liya or long term investors ka liya.