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/biz/ - Business & Finance

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16850515 No.16850515 [Reply] [Original]

DOUBLE
TOP

AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>> No.16850536
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16850536

>>16850515
if we don't break it today i'm putting my linkies into bsv

>> No.16850563

>>16850536
do it pussy get left behind

>> No.16850575

>>16850515
It's a double bottom, look at the W shape

>Double bottom patterns are essentially the opposite of double top patterns. Results from this pattern have the opposite inferences. A double bottom is formed following a single rounding bottom pattern which can also be the first sign of a potential reversal. Rounding bottom patterns will typically occur at the end of an extended bearish trend. The double bottom formation constructed from two consecutive rounding bottoms can also infer that investors are following the security to capitalize on its last push lower toward a support level. A double bottom will typically indicate a bullish reversal which provides an opportunity for investors to obtain profits from a bullish rally. After a double bottom, common trading strategies include long positions that will profit from a rising security price.