Is Double Bottoms Pattern Bullish or Bearish?

Double Bottoms Commodities Trading Chart Pattern

Double Bottoms Commodities Trading Chart Pattern is a Bullish Commodities Trading Chart Pattern - Double Bottoms Pattern is a Bullish Commodity Trading Signal Pattern

Summary:

• Double bottoms commodity chart pattern forms after an extended move downwards - commodity downwards trend
• This Double bottoms commodity chart pattern formation indicates that there will be a reversal in the commodity market
• We buy when commodities price breaks above the neckline; as explained on the commodity example illustrated and explained below.

What Does a Double Bottoms Commodities Trading Chart Pattern Mean?

The double bottoms commodity chart pattern look like a W Shape commodity chart pattern, the best reversal commodity signal is where the second bottom is higher than the first bottom as shown below.

This means that the reversal commodity signal from the double bottoms commodity chart pattern can be confirmed by drawing an upward commodity trend line as shown below. If a commodity trader opens a buy commodity signal the stop loss will be placed just below this upward commodity trend line.

Technical Analysis of Double Bottoms Commodities Trading Chart Pattern - Example of Double Bottoms Commodities Trading Chart Pattern