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
