🔁 Double Bottom Reversal Strategy
📉 Trend:
Begins with a strong bearish trend, showing consistent downward price movement.
🔍 Pattern Formation:
Bottom 1: First low forms with buyer support.
Bottom 2: Price tests the previous low again but fails to break it — forming the double bottom.
Neckline: The horizontal resistance level that price must break to confirm the reversal.
✅ Entry Signal:
Once price breaks the neckline, a bullish reversal is confirmed.
📌 Retest Zone:
Price pulls back to the neckline (now support) for a retest — a low-risk entry point for traders.
🚀 Result:
After the successful retest, price rallies — offering a high reward with minimal risk.
