Friday, May 26, 2017 12:44:38 PM
Time Frame for a Double Bottom Chart Pattern is as follows:
As with all chart patterns, a double bottom pattern is best suited for analyzing the intermediate- to longer-term view of a market. Generally speaking, the longer the duration between the two lows in the pattern, the greater the probability that the chart pattern will be successful. At least a three-month duration is considered appropriate for the lows of the double bottom pattern, in order for the pattern to yield a greater probability of success.
Read more: Double Bottom http://www.investopedia.com/terms/d/doublebottom.asp#ixzz4iCeQjvd3
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