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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.
However, they can be extremely detrimental when they are interpreted incorrectly.
Exercise Number: 4R54 Choose the best out of three or four possible answers to each question.
The Air Base Multiple choice questions based on text about an historic air base.
Also, volume should be closely monitored during the formation of the pattern.
A spike in volume typically occurs during the two upward price movements in the pattern.A profit target should be taken at two times the stop loss amount above the entry price.