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| Double bottoms print the most important pattern in technical analysis. Somewhere within this classic formation lies the lowest risk, highest reward long-side trade of any point within a single Pattern Cycle. Unfortunately, you can't stick around too long, while waiting for your position to move into a profit. Double bottoms provide excellent scalping opportunities when price first thrusts toward the last relative high (center of the "W") and again when that center becomes a base of support for the next move upward. Bottoms can also be bought through the same methodology as topping formation short sales. But caution is advised: exercise defensive risk management and take losses immediately upon violation of a prior low. |
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