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A reversal pattern whereby a bottom is formed on high volume, followed by a rally of at least fifteen percent, subsequently followed by a second bottom (within three percent of the first) on lower volume. Bottoms should be at least a month apart, and the reversal is confirmed when second rally crosses the peak of the first rally.

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Category Howto & DIY

Tags double, bottom, chart, charting, pattern, technical, analysis, internet, trading, trades, investment, strategy, investors, theory