If candle sticks close below selected area, that invalidates the double bottom. But the theory doesnt match with real market all the time. Even if it close below in long run it will reverse soon.
Trade active
Trade closed: stop reached
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.