#1 Bullish Pattern: Double Bottom

#1 Bullish Pattern: Double Bottom

Starting a new series of charts focused on identifying and ranking Bullish patterns with charts as they happen.

I'm a little late to the party on this one. I had hoped to have it up last night before this mornings premarket rally.

#1 Bullish Pattern. The Double Bottom.

Identified by the W the 2 bottoms form.

10-20% drop from at first bottom.

Reversal takes place as second bottom reaches 3-4% of first bottom.