TRADE LESSON: HOW TO TRADE THE BEST DOUBLE BOTTOM PATTERNS - tushar makhija

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TRADE LESSON: HOW TO TRADE THE BEST DOUBLE BOTTOM PATTERNS
Nov 10, 2009 08:49 PM UTC

tushar makhija

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Via stockezy - Bullwise. Bearaware:

http://inthemoneystocks.com/n_rant_and_rave_blog_single.php?id=3433

One of the most common and best patterns is the double bottom pattern. This is simply when the market seems to retest a low and then bounces higher off the low level. It is important to watch for the double bottom low to pierce the prior low before reversing back higher. This is because market makers are looking to bait in momentum short traders

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