#今日市场观点
Double bottom/triple bottom pattern
Double bottom/triple bottom is also a reversal pattern, which is opposite to the double top/triple top pattern and usually indicates that the market will turn to decline. The standard double bottom pattern consists of two low points, and the positions of the two low points are close. When the price experiences a round of decline, it touches the first low point of the double bottom (bottom 1) and encounters support and rebounds, but is blocked and falls back at the neckline position. When it returns to the position similar to the previous low (bottom 2), the bulls will exert force again and break through the neckline (the triple bottom pattern will fall back to the previous low once again). At this time, the double bottom pattern is confirmed and the market will turn to rise.
In general, breaking through the neckline can be determined as the position for long positions. The theoretical rising target (satisfaction point) is the distance between the bottom low point and the neckline. If it returns to above the neckline, it is determined to be a failed double bottom/triple bottom pattern, and stop loss is exited.