#Explanation_of_Technical_Models📖
🔰 Double Bottom Pattern
It is a reversal pattern that usually appears after a downward trend and indicates the possibility of a price reversal towards the upside.
It consists of two consecutive lows at approximately the same level, with a small peak in between called the "Neckline".
▫️Entry Signal:
Confirmation of a breakout above the neckline with an increase in trading volume.
▫️Price Target:
It is usually calculated by measuring the distance between the low and the neckline, which is added above the neckline.
🔹Note:
The longer the formation of the pattern, the stronger it is.
"React and follow as a sign that you liked the series ❤️"
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