{"id":2241,"date":"2013-02-28T15:18:14","date_gmt":"2013-02-28T15:18:14","guid":{"rendered":"http:\/\/blog.thehotpennystocks.com\/?p=2241"},"modified":"2013-04-09T11:36:26","modified_gmt":"2013-04-09T11:36:26","slug":"double-bottom-pattern","status":"publish","type":"post","link":"\/learn\/double-bottom-pattern\/","title":{"rendered":"Double Bottom Pattern"},"content":{"rendered":"

The\u00a0<\/span>Double Bottom Pattern<\/b>\u00a0is formed when a stock’s price falls to a support level once, bounces off and then falls right back down to the same support level. Therefore, usually within a short time span, a stock hit two lows of nearly the same price. The\u00a0<\/span>Double Bottom Pattern<\/b>\u00a0is considered a reversal pattern.<\/span><\/p>\n

\"double<\/p>\n

The above chart shows an example of a\u00a0Double Bottom Pattern<\/b>. You can see the two “bottoms” formed after the share price had a recent climb. By the stock hitting these two “bottoms” or valleys, it is confirming a strong support level. Therefore, it is likely that the stock will have great difficulty going any lower. Chances are it will stay above support and soon begin to climb back up<\/p>\n

Should the chart break through its “neck line” there is a good chance for a bullish run. See the chart below for an example of this price trend.<\/p>\n

\"double<\/p>\n

 <\/p>\n

Chart Patterns : Table of Contents<\/h3>\n
    \n
  1. What are Chart Patterns?<\/a><\/li>\n
  2. Symmetrical Triangle<\/a><\/li>\n
  3. Ascending Triangle<\/a><\/li>\n
  4. Descending Triangle<\/a><\/li>\n
  5. Double Top<\/a><\/li>\n
  6. Double Bottom<\/a><\/li>\n
  7. Head and Shoulders<\/a><\/li>\n
  8. Reverse Head and Shoulders<\/a><\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"

    The\u00a0Double Bottom Pattern\u00a0is formed when a stock’s price falls to a support level once, bounces off and then falls right back down to the same support level. Therefore, usually within a short time span, a stock hit two lows of nearly the same price. The\u00a0Double...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7,2],"tags":[],"yoast_head":"\nDouble Bottom Pattern - The Hot Penny Stocks<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/learn-to-trade.thehotpennystocks.com\/learn\/double-bottom-pattern\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Double Bottom Pattern - The Hot Penny Stocks\" \/>\n<meta property=\"og:description\" content=\"The\u00a0Double Bottom Pattern\u00a0is formed when a stock’s price falls to a support level once, bounces off and then falls right back down to the same support level. 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