An Excellent Review of the Basics of the Double Bottom

  • SumoMe

Even experienced investors and traders can benefit from reviewing the basics once in awhile.  The link below leads to an article posted by Charles Schwab & Co.  that discusses the “double bottom” formation.

Finessing The Double Bottom from Charles Schwab & Co.

The double bottom is one of the most useful formations that a trader can learn about (in my opinion).  This formation:

A) Can be applied to any security (stocks/bonds/index/commodities/FOREX/ETFs/etc)

B) Tells you when a reversal of fortune may be imminent

C) Provides a built in stop loss level (i.e., below the recent low)

If you are into markets, trading, chart patterns, or just making money in general, I suggest you click the link and learn – or revisit – the basics of the double bottom.

Finessing The Double Bottom from Charles Schwab & Co.

Jay Kaeppel

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