Double Bottom

Double Bottom
It is a type of chart designused in the technical analysis. This style is distinguished by a drop in cost which is followed by a minor reversal with another drop that occurs soon after the same levelbefore another important retrievalso that chartseems to occupy the form of “Y”.It is regarded as one of the recognizable chart designs. Even if both Double Bottom and Double Top are reliable, the powerful Double Bottom reflects a strong support level and generally indicates a modification in trend.