CHART PATTERNS

Page 7

The double bottom reversal and breakout trade:

Usually if the market has reversed at a double bottom you will get an opportunity to enter long on the 1st correction and by that time the continuation/ move upwards would have some credence to be believable. The easiest thing you can do is sell double bottom breakouts as they have a huge following amongst savvy traders as they are places where many establishment investors get forced into the wall, at least temporarily.

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